In reaction to the bill that imposes a tax on bailed-out companies’ bonus recipients, a Republican congressman has said the move may be ‘legally questionable.’
News that the troubled insurance giant AIG has paid multimillion dollar bonuses to its staff as the company was being bailed out by taxpayers has prompted calls for an investigation.
Americans for Tax Reform (ATR) has set out to systematically expose the Obama administration’s failure to live up to his campaign promises on taxation.
A new report issued by Essential Information and the Consumer Education Foundation concluded that multibillion-dollar contributions to Washington politicians have resulted in deregulatory decisions that led to the current financial crisis.
There has been no shortage of critical voices in response to President Obama’s new budget proposal, and one organization claims there may be more than a trillion dollar in hidden taxes.
A new survey has revealed that the funding status of moderate risk pension portfolios fell by more than six percent in February.
Alan Greenspan may be currently taking some heat as the man whose policies enabled financial institutions to lend irresponsibly, but he has faith in the U.S. market to recover within the next year – as long as banks receive the capital they need.
International economists are warning that unless the U.S. economy sees signs of a turnaround in the near future, the country could be headed for a deeper recession – or even a depression.
Senate Minority Leader Mitch McConnell has warned Congress not to rush plans for an early 2009 stimulus package, in order to avoid "wasting" taxpayers’ money.
The Republican National Committee has blasted the Democratic administration’s $3.6 trillion budget proposal as too lavish and based on unrealistic economic expectations.