President Obama Has a Higher Tax Rate than Mitt Romney
President Obama's Federal income tax rate is 20.5 percent, which is actually higher than Mitt Romney's 15.4 percent despite making around $20 million less than the Republican frontrunner.
The Dow Jones Industrial Average closed above 15,000 for the first time ever on Tuesday. However, despite the record-breaking nature of the even, Wall Street seems sort of unimpressed.
President Obama's Federal income tax rate is 20.5 percent, which is actually higher than Mitt Romney's 15.4 percent despite making around $20 million less than the Republican frontrunner.
Polls of Americans' economic behavior indicates the economy is gaining momentum, but voters haven't noticed. Even if they still think the economy is weak, President Obama has a surprising lead over Mitt Romney in North Carolina. Here's our guide to today's polls and why they matter.
After the Republican primary's many debates and many gaffes, Mitt Romney is a weaker candidate against President Obama. Obama is ahead in three important swing states, and way more personally popular. Here's our guide to today's polls and why they matter.
Let us not forget, in the whiplash-inspiring build-up to the Hunger Games movie cumulating in exhausting midnight showings (and screenings for normal people at normal times), that this all was sprung from a far more humble entity.
Ben Bernanke is hoping to get a little friendlier as the Federal Reserve dips its toe into Twitter and he personally hosts an online lecture series beginning today, but we have to wonder, outside of policy wonks, who's going to care?
According to the Bureau of Labor Statistics, the economy added 227,000 news jobs in February, while private sector payrolls increased by 233,000. Those strong numbers beat expectations analysts had predicted.
The unemployment news has been so good lately that some may have forgotten we're still in a delicate economic recovery, but Tuesday's disappointing reports on housing prices and durable goods orders serve as a reminder that the economic downturn hasn't turned around yet.
Cartoonist Steve Breen on Obama's empty promise.
Cartoonist Tom Toles on the economy's not-so-fair weather fans.
Say what you will about Fashion Week, but it's good for New York City's economy.
It has become one of the great paradoxes of American life that those who depend the most on government assistance are also the ones most likely to call for reduced government spending.
The good news that the unemployment rate dropped to 8.3 percent is particularly bad news for Mitt Romney, whose gloom-and-doom campaign message has been that only he can turn around President Obama's economic disaster. That's a harder case to make when the economy is already turning around.
Cartoonist Lisa Benson lends the president her financial expertise.
What does Mitt Romney have to do to make Republican voters like him—hand out free treats?
The crowds at Newt Gingrich's rallies are big, loud, and happy, while Mitt Romney's events are more subdued. Yet polls seem to show the opposite -- that Romney's gaining while Gingrich has peaked. What gives? Our guide to today's polls and why they matter.
Newt Gingrich's Southern supporters are switching sides to Mitt Romney, new polls show. Even those who loved Newt best -- old people -- are now leaning toward Romney, who is crushing the other candidates nationally. Here's our guide to today's polls and why they matter.
It turns out the people in charge of running the U.S. economy thought, in 2006, that the housing market (which was faltering even then) was going to be just fine and wouldn't affect the rest of the economy at all.
The latest round of economic numbers shows 2011 ending with improving health, as jobless claims for the week went down 4,000 to 364,000 and the gross domestic product expanded by 1.8 percent, an increase over the second quarter's 1.3 percent gain
Proving that insider trading in Congress can work both ways, The Wall Street Journal reports on a disturbing trend of hedge funds gaining valuable tips from lawmakers voting on and making multi-million dollar decisions.
It seems like a hundred polls are released every day now that the Iowa caucuses are less than a month away. Here's our guide to which ones matter and why.
President Barack Obama proposed on Thursday a change in federal regulations to guarantee home care workers federal minimum wage and overtime benefits, ending the exclusion of more than 2 million workers from the wage requirement.
The number of people filing for unemployment continues to fall, and this week it hit a 3.5-year low as the fewest people since May 2008 applied for the benefit.
It seems like a hundred polls are released every day now that the Iowa caucuses are less than a month away. Here's our guide to which ones matter and why.
President Obama shares his latest thoughts on the economy with a crowd at Osawatomie High School and makes one almost funny joke about his Kansas roots.
A new round of data from the federal government on Wednesday showed jobless claims went up a little bit for the week, with 2,000 more people applying for unemployment for a seasonally adjusted 393,000 while consumer spending rose 0.1 percent in October, which was less than the 0.7 percent gain in September.
As the Occupy movement perseveres and Google's stock price continues to skyrocket, it's no surprise that American youth don't want to work at investment banks.
Like many other businesses, Apple is taking advantage a workers fearful of losing employment in a shaky economy -- and it seems as if it is not about to let a union get in the way of that.
The positive September consumer credit numbers that were just released should be a good sign for the lagging economy, but they're not.
The mortgage aid plan President Obama is offering to draw a contrast with Mitt Romney is based in part on an idea by Romney's senior economic adviser.
The lucky Americans who have jobs are working more hours for less money, which is keeping American productivity up but worker morale low, and over the last few months we've gotten a clearer picture of what that means for workers.
For the first time since World War II, the United States will surpass the 100 percent debt-to-GDP line.
On the surface, bankers like to project tough, no-nonsense personas, but judging by how they're reacting to the protesters outside their offices, they are pretty easily spooked.
Boehner felt the need to release phone call transcript insisted the GOP had done something on jobs
The Labor Department figures say that initial claims still remain above 400,000
Harry Reid has scheduled a procedural vote on the bill for 6 p.m. Tuesday
An argument that the country's prospects look worse shape than in the 1930s
Topeka can't to pay to prosecute those crimes; Newark has stopped buying toilet paper
Says his jobs plan will be an "insurance policy" against another recession -- if Republicans vote for it
But the election will be about the future, he says in an ABC News interview
After a bad September for the markets, car sales are up
These mementos of the President were hardly cherished
The transportation secretary thinks cars going 80 m.p.h will rev the economy
A string of bad economic news left the markets headed toward their worst quarter
Law would forbid employers from passing over an applicant because he's out of a job
Recent data shows the Rust Belt recovering, while the once-booming Sun Belt struggles
Will buy longer-term Treasury securities and sell shorter ones to try to push down interest rates
Female White House staffers felt marginalized and that Obama wouldn't do much about it
An AP-CNBC poll finds only 2 in 10 Americans think they'll be a millionaire in a decade
Republicans are worrying about the suburban appeal of their frontrunner
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