John Boehner: The ‘Talk About Raising Revenue Is Over’
TOBY JORRIN/AFP/Getty Images(WASHINGTON) — House Speaker John Boehner, R-Ohio, told ABC News’ Martha Raddatz during an exclusive interview for This Week that talk of including revenue as part of an effort to strike a so-called “grand barga…
Consumers Remain Cautious About Spending
Brand X Pictures/Thinkstock(NEW YORK) — With all the market euphoria, a rally in the housing market, plus gains for auto sales, it may be surprising that U.S. consumers are still very cautious about spending money. A government survey released late la…
Sen. Mitch McConnell: “The Tax Issue Is Finished”
Tom Williams/CQ Roll Call(WASHINGTON) — Senate Republican Leader Mitch McConnell, R-Ky., said Sunday he will not accept any new revenue in future deals with congressional Democrats and President Obama.“The tax issue is finished. Over. Comp…
White House Warns Tax Hike Will Curb Consumer Spending
iStockphoto/Thinkstock(WASHINGTON) — An Obama administration report out Monday says the typical American household will pay $2,200 in additional taxes next year if the so called Bush-era tax cuts for the middle class are allowed to expire.The findings…
Can Congress Avoid Fiscal Cliff? Boehner ‘Not Confident At All’
TOBY JORRIN/AFP/Getty Images(WASHINGTON) — House Speaker John Boehner bluntly assessed the prospects for a bipartisan agreement on deficit reduction and called on President Obama to demonstrate leadership by unveiling his administration’s plan t…
White House Misses Deadline Outlining Defense Cuts
iStockphoto/Thinkstock(WASHINGTON) — White House officials Friday acknowledged that they had not met the deadline to outline how the president would make the defense cuts required by law because of the failure of the bipartisan, poorly-named Super-com…
GSA Blasted for One-Day Quarter-Million Dollar Awards Conference
Adam Gault/Thinkstock(WASHINGTON) — The General Services Administration was back in Congress’s crosshairs Thursday after the GSA’s inspector general reported to Congress on another installment of, “egregious waste of taxpayer dollar…
Fed Report Shows Consumer Credit Growth in May
Justin Sullivan/Getty Images(WASHINGTON) — A Federal Reserve report out Monday showed that Americans spent more on credit cards in May, the highest monthly gain in four years. Consumer credit climbed to $2.6 trillion, a more than $17 billion increase,…
Americans Earning a Bit More, But Spending Cautiously
Comstock/Thinkstock(NEW YORK) — Monday’s income and outlays report from the Bureau of Economic Analysis is about as expected, with not much good news but no major bad news. American incomes increased 0.4 percent, according to the report. If…
Prom Spending Jumps 33 Percent Nationwide
Digital Vision/Thinkstock(NEW YORK) — Many segments of the U.S. economy continue to struggle in the wake of the recent recession, but the prom industry is booming, according to a new national survey by Visa Inc.The survey finds American families with …
Prom Season: How Much Are You Spending?
Digital Vision/Thinkstock(NEW YORK) — A new survey by Visa finds that high school students and their parents are spending more on the prom this year.The average family will shell out $1,078 for their kids’ red carpet event this year, up from last year…