Topic: U.S. Department of the Treasury
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Ten tax moves to protect yourself from the fiscal cliff
Americans are facing an unprecedented tax increase of nearly $500 billion on Jan. 1, 2013, from the so-called "fiscal cliff." Are you ready? Here are 10 year-end tax strategies I recommend:
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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Focus
Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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Major gay marriage cases in federal court and where they stand
Battles over same-sex marriage have been raging in the federal courts for several years. Two could reach the US Supreme Court within a year: one challenging California's ban on gay marriage under Proposition 8, and the other seeking to invalidate the federal Defense of Marriage Act (DOMA). Here are the cases to follow.
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Seven retirement questions you need to answer
Retirement planning isn't easy. Nearly half of Americans don't feel financially prepared to live to age 75, according to a survey from Northwestern Mutual. But the process is a lot less burdensome if you break the task down into simpler parts. Here are seven questions to ask as you plan for your long-term financial security in retirement.
All Content
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Would Romney really dare to tag China a 'currency manipulator'?
Mitt Romney said again, during Tuesday's presidential debate, that on Day 1 in office he'll declare China a 'currency manipulator' – something recent presidents have resisted doing. The aim: to improve prospects for US exports. The risk: that China will retaliate in a most unpleasant way.
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Suddenly, Vikram Pandit is out as Citigroup CEO
Citigroup offers no explanation for shakeup, which besides Pandit includes chief operating officer Havens. Citigroup's Europe chief Michael Corbat is replacing Pandit.
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Focus
Iran sanctions: playing the long gameIran has endured three decades of US sanctions. Have they worked? Yes and no.
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Stocks higher after retail sales improve
A strong gain in retail spending sent stocks upward Monday. A positive earnings report from Citigroup was responsible for a broad rise in bank stocks.
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MS-13 gang labeled transnational criminal group, a first for US street gang
MS-13 gang is a violent group engaged in the drug, sex, and human trafficking trades in the US. Designating MS-13 gang a transnational criminal organization helps US officials target it more aggressively.
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MS-13 gang: Why US Treasury is after the gang's assets
MS-13 gang: The US has designated the violent MS-13 gang as a international criminal group on Thursday, an unprecedented crackdown targeting the finances of the US and Central America group.
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Stocks flatline, pulled by jobless claims, Europe
Stocks fell stagnant Thursday with little significant activity up or down. Stocks rose in the morning after a positive jobless claims report but fell in the afternoon.
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Stocks barely flinch after good jobs report
Stocks initially rose on news of the unemployment rate dropping to 7.8 percent. But in afternoon trading, stocks failed to hang onto early gains.
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Jobless rate falls below 8 percent for the first time in nearly four years
The US unemployment rate fell to 7.8 percent in September, the lowest unemployment rate in 44 months. The economy also created 86,000 more jobs in July and August than first estimated.
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Iran's currency: Why did the rial tumble so precipitously? (+video)
US sanctions played a role. However, Iranians aren't blaming the US, they're blaming their own government.
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Stocks up despite Hewlett-Packard plunge
Stocks rose slightly Wednesday despite a drop in energy stocks and Hewlett-Packard's 13 percent drop in stock price.
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Energy Voices
Obama blocks Chinese wind farm ownership in OregonCiting national security risks, President Obama has blocked a Chinese company from acquiring wind farms in northern Oregon, according to Consumer Energy Report. The wind farms are situated near a US military base where unmanned drones are tested.
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Weak demand for fertilizer tugs at stocks
A drop in demand from China and India hurt the profits of Mosaic, the US's largest fertilizer company. But utilities and health care stocks helped pull the S&P 500 above the break-even mark.
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Europe unrest reverberates on Wall Street
A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
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FedEx's weak outlook leaves stocks mixed
Stock prices were mixed Tuesday after FedEx sharply reduced its fiscal-year profit forecast. FedEx's stock fell $2.73, or 3.1 percent, to close at $86.55.
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Energy Voices
House passes 'No More Solyndras Act'House Republicans passed a bill that would require the US Treasury to review loans given through the energy sector stimulus funds. The move is an effort to call attention to bad investments made through the stimulus program, according to Consumer Energy Report.
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Housing prices: Agents make houses sell for a lot less. On purpose.
Housing prices are manipulated by shady real estate agents who practice 'flopping.' Instead of making homes look good to raise housing prices, tey make them look bad so banks will sell them for a loss.
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Decoder Wire
Unrest in Middle East: What would President Romney do? (+video)The attacks against US diplomatic outposts in Egypt, Libya, and elsewhere in the Middle East have sharpened focus on President Obama's policies – and what Mitt Romney's would be.
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Tax VOX
Do corporate tax breaks benefit the middle class?Revisions in the definition of the corporate income tax may assume that workers bear some of the corporate tax burden.
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AIG stock, $18B, to be auctioned by US Treasury Department
AIG stock owned by the US Treasury Department will be mostly unloaded, decreasing the Treasury Department's share to below majority stake. The $18 billion sale of AIG shares is the latest step to recoup taxpayer money spent on the bailout.
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Tax VOX
Can filing taxes connect low-income families to bank services?A new Urban Institute study finds that households with annual income under $35,000 may benefit from having their tax refunds paid directly to a prepaid card account.
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Stocks soar to highest level in four years
US, European stocks surge in response to European Central Bank's plan to buy bonds to support struggling Spain and Italy. S&P 500 rises 28 points; the Dow jumps 244 points to close at 13292.
- Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Muslim cleric's killing sparks riots in Kenya
The shooting death Monday of Muslim cleric Sheikh Aboud Rogo, who is under US sanctions for ties to the Islamist militant group Al Shabab, has renewed concerns about extrajudicial killings in Kenya.
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Standard Chartered money-laundering deal: Did New York jump the gun?
Standard Chartered Bank will pay $340 million to New York for laundering money to Iran, but by acting before the federal government, the state took an unusual step that could ruffle feathers.
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