Category Archives: Money

Congress may OK short-term stimulus, but fiscal train wreck looms

By doris | Published: February 4, 2012

Full Story at NBCPoliticsmsnbc.msn.com The signs look hopeful for a short-term accord in Congress on extending the payroll tax cut and unemployment benefits. But right after Election Day, a lame-duck Congress will face a horrific fiscal train wreck: sharp tax increases, combined with automatic spending cuts — and scanty reserves of political goodwill to help [...]

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Obama proposes $5-10 billion for home refinancing

By doris | Published: February 2, 2012

Full Story at NBCPoliticsmsnbc.msn.com President Barack Obama on Wednesday called on Congress to approve a $5 billion to $10 billion effort to help U.S. homeowners refinance as part of a wider package of proposals to shore up the depressed housing market. Obama had sketched out the proposals in his State of the Union address last [...]

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Obama unveils plan to control college costs

By doris | Published: January 28, 2012

Full Story at CNN.com (CNN) — President Barack Obama unveiled a new college affordability plan Friday, proposing to further expand student financial aid while providing more assistance to schools that hold tuition down and cutting aid to those that do not. The plan is part of a populist White House pitch to middle class families [...]

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Obama campaign returns Corzine donations

By doris | Published: December 26, 2011

Full Story at PoliticalTicker.CNN.com (CNN) – President Barack Obama’s reelection campaign returned political donations made by Jon Corzine, the embattled former Democratic governor and senator from New Jersey, on Friday. The move comes as Corzine endures increased scrutiny following the bankruptcy of his brokerage firm MF Global. Corzine was CEO of the company until it [...]

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Treasury to stop producing unneeded dollar coins

By doris | Published: December 13, 2011

Full Story at whitehouse.blogs.CNN.com Vice President Joe Biden and several cabinet secretaries announced today the administration’s efforts to identify and eliminate misspent tax dollars. My favorite – the savings of $50 million annually by no longer minting unneeded and unwanted dollar coins. Deputy Secretary of the Treasury Neal Wolin says they currently have a decade [...]

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Senate blocks $60B part of Obama jobs plan

By doris | Published: November 4, 2011

Full Story at FirstRead.msnbc.msn.com The Senate on Thursday blocked another portion of President Obama’s jobs plan, a $60 billion bill to fund infrastructure projects around the country. This is the second piece of the president’s proposal to be voted on and rejected in the Senate. The bill would have invested $50 billion dollars to fund [...]

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FBI investigating missing money at MF Global

By doris | Published: November 2, 2011

Full Story at money.com WASHINGTON (CNNMoney) — The FBI and federal prosecutors are investigating how some $600 million of MF Global customers’ money has gone missing, CNN learned Tuesday from sources close to the probe. The investigation of MF Global (MF) is being conducted by the FBI and other federal regulators, including the U.S. Securities [...]

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Senate passes $182B spending bill

By doris | Published: November 1, 2011

Full Story at  msnbc.com WASHINGTON — The Senate has approved must-do legislation to fund the day-to-day budgets of five Cabinet agencies, kick-starting long overdue work to add the details to budget limits agreed to by President Barack Obama and congressional Republicans this summer. The bipartisan 69-30 vote came on a $182 billion bundle of three [...]

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Some see danger in changing Social Security’s funding

By doris | Published: October 18, 2011

Full Story at msnbc.com Another Social Security tax cut, intended to spark the sluggish economy, seems to be in the works. But the short-term boost for workers could create even more problems for a giant entitlement program already facing a long-term financing shortfall. The tax cut is a vital ingredient in President Barack Obama’s jobs [...]

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Class warfare: Who pays their fair share of taxes?

By doris | Published: October 16, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Both Republican presidential candidates and President Obama think many Americans aren’t paying their fair share of income tax. They just have very different ideas of who should be paying more. It’s class warfare, Election 2012-style. As they criss-cross the country on the campaign trail, several GOP contenders [...]

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Why do U.S. elections cost so much?

By doris | Published: October 14, 2011

Full Story at CNN.com Washington (CNN) — The presidential campaign fundraising numbers being reported paint a picture of what’s to come over the 13 months until the 2012 election: A flood of television ads, cross-country bus tours and a lot of handshakes. Money drives a campaign, and fundraising is a signal of its strength. It [...]

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Warren Buffett to headline Obama campaign event

By doris | Published: September 23, 2011

Full Story atmsnbc.com CHICAGO — Billionaire investor Warren Buffett will help raise money for President Barack Obama’s re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday. Buffett will attend the October 27 event at a private home on Chicago’s North Shore that is expected to include major [...]

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