By James Kwak President Obama’s 2015 budget proposes a number of tax increases that will mainly affect the rich. They include: Limiting the tax savings on deductions to 28 percent of the deduction amount (and applying this limit to exclusions as well, such as the one for employer-provided health benefits) Requiring a minimum 30% income … … Continue reading →
Spain called on Monday for the European Central Bank to step in to fight financial market pressure after any hopes that the Greek election result…
A resounding Socialist victory in weekend parliamentary elections will allow President Francois Hollande to press ahead with reforms to tame France’s deficit and promote economic…
D.C. Decoder 101: How Washington spends your money (via The Christian Science Monitor) The federal government is the biggest spender in the US, and maybe…
Merkel set for two-speed Europe, if necessary (via AFP) German Chancellor Angela Merkel said Thursday that she would work towards a reinforced political union in…
US House Republicans seek cuts in CFTC fundingReuters* House GOP seek to slash CFTC 2013 budget by $25 mln * Propose modest increase for SEC of $50 mln * Democrats: JPMorgan loss is a case for funding boost * Appropriations panels to review budgets Wed…
US House Republicans target funding for CFTCReuters* House GOP seek to slash CFTC 2013 budget by $25 mln * Propose modest increase for SEC of $50 mln * Democrats: JPMorgan loss is a case for funding boost * Appropriations panels to review budgets Wedne…
Chad Stone, chief economist at the Center on Budget and Policy Priorities, thinks all this talk of a “fiscal cliff” is dangerously misinformed. “The economy…
(via AFP) Spain’s government declared confidence in the nation’s solvency Friday as investors fearing a financial breakdown sent its debt risk premium soaring to a…
Facebook's stock price dives, and California could take hitLos Angeles TimesFacebook's stock has nosedived since the social media giant debuted on Wall Street earlier this month, and that's bad news for California's budget. Gov. Jerry B…
