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Wealth


More people register for unemployment

The number of people newly registering for unemployment benefits reached its highest level in the past 16 years last week, according to figures from the Labor Department.

Govt mulls change in retirement account withdrawals

As the economic downturn continues to challenge the savings plans of millions of retirees, the government is considering changing the rules governing retirement account withdrawals.

Mitt Romney: Auto bailout would be a disaster

Former Massachusetts Governor Mitt Romney has warned against bailing out Detroit automakers, recommending that the government let them go bankrupt instead.

Retirees ‘less confident’ about their nest egg

The proportion of middle aged and older people who admit they are not confident they have enough money for retirement has risen, a new survey reveals.

Despite bailout, many brokers likely to get bonuses

With the average person footing the bill for the $700 billion bailout, taxpayers may be forgiven for feeling that bonuses for the heads of the largest financial services companies are not quite fair.

Boehner criticizes proposed auto bailout

Extending aid to struggling automobile manufacturers is not fair to taxpayers and does not make fiscal sense, House Republican Leader John Boehner has said.

Are gold investments losing their luster?

Gold prices fell for a second straight day on Wednesday, retreating to levels not seen since October.

Executive compensation plans come under fire

Taxpayers and lawmakers alike remain dismayed by large compensation packages for executives, particularly in light of last month’s unpopular $700 billion economic bailout bill.

Taxpayers to catch a break on ’09 returns – or will they?

Taxpayers could get a break on their 2009 tax returns due to inflation adjustments recently announced by the IRS.

Washington reacts to disturbing jobs outlook

An increasingly disturbing employment outlook is contributing to concerns about the long-term prospects for economic recovery.

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