The American Association of Retired Persons has announced it is open to cutting Social Security benefits, a change of course for the politically influential organization that could bolster efforts for entitlement reform.
For all the tough talk about budget cuts, when push comes to shove, Americans aren't willing to make the sacrifices to get there. The New York special election for the House seat of the 26th district proved this much.
Herman Cain is the new exciting Republican candidate in the 2012 presidential race. He has won several straw polls and the first debate among 2012 Republican candidates.
The following are remarks by President Barack Obama, as prepared for delivery, on addressing long-term United States and the deficit on April 13, 2011 at George Washington University, in Washington D.C.
In gathering parts of Social Security numbers from children for a contest, Google's data gathering has come under fire again.
President Barack Obama's fiscal 2012 budget proposal to Congress showed a small decline from what is expected to be the previous year's budget, with the deficit set to decrease by nearly a third thanks mostly to higher taxes.
Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
In the highly politicized U.S. battle over pensions and health care, leading Republican lawmakers will take the first crack at the long-term financial problems at least by next late next month, according to Rep. Eric Cantor R-VA.
Though the budget makes a start in the deficit reduction front, it avoids addressing some really big questions, according to Nigel Gault, chief U.S. economist at IHS Global Insight.
The number of identity fraud incidents decreased by more than a quarter in the US last year, recording the lowest levels since 2007, said a survey by Javelin Strategy & Research.
President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.
Ratings agency Standard & Poor’s has downgraded the sovereign credit rating of Japan, the third-biggest economy in the world, to AA- from AA.
Thirty provinces in China raised minimum wages by the end of 2010 as inflation, particular those of food items, surged last year.
President Barack Obama will propose that Congress adopt a 5-year freeze on non-security discretionary spending, extending a previous call for a 3-year freeze, senior administration officials said, according to reports.
Speculation is simmering as to what, precisely, President Obama will say in tonight’s State of the Union address. The White House has been speaking in general terms about the speech, resulting in opinions flying about what, if anything, he may actually propose.
Brazil's President Dilma Rousseff plans a series of payroll tax cuts in coming years in a bid to promote formal hiring at domestic companies, Folha de S. Paulo newspaper reported on Friday, giving no details of its sources.
A new study has found that the risk of elderly black Americans facing poverty was double that of elderly white Americans. It says although 32.7 percent of older white Americans will experience at least one year below the official poverty line, the corresponding percentage for older black Americans was double that at 64.6 percent.
President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.
President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.
While the Great Recession has raised the unemployment rates for virtually all Americans, it has served to heighten what has already existed as a long-term trend: the declining employment levels of American men, particularly those who are less educated.
Former Sen. Alan Simpson, R-WY, has a reputation of being frank to the point of being blunt. He did not disappoint today, when expressing what he called the main message from the National Commission on Fiscal Responsibility and Reform.
The U.K. government is implementing a new workplace pension scheme that will help the low-to-moderate earners and employers.
