Congress passed legislation on Friday that extends a tax cut for 160 million workers through December. The new law continues long-term jobless benefits, handing President Barack Obama a major victory in a year in which his re-election is at stake.
The payroll tax holiday and unemployment benefits were extended by the U.S. Congress on Friday. This article will help you determine how much you will save if the extension is signed into law.
The U.S. House of Representatives and Senate passed the payroll-tax extension on Friday morning, with congressional Democrats and Republicans putting aside their differences until after the November election to advance the economic package.
The index of U.S. leading economic indicators rose 0.4 percent in January, extending its upward trend for a fourth month. Friday's data points to continued growth in the U.S. economy, supported by an increase in the average workweek and improving financial indicators.
Bit by tiny bit, the economy is improving. The progress might at times seem too small or slow to be evident, but it is unmistakably occurring. People may not feel things are good yet, but they are beginning to feel the worse is subsiding, Gary Thayer, chief macro strategist at Wells Fargo Advisors, said.
The market capitalization of U.S. equity markets has increased by $3 trillion since last October.
Kosovo celebrates its fourth anniversary of Unilateral Declaration of Independence (UDI) on Feb. 17. Even after four years of its UDI, the Albanian majority country is still to make any head way towards development or in ensuring stability in the region. The biggest challenge it faces includes its conflict with Serbia, which don't recognize Kosovo's independence and the resistance from several of the European Union countries that oppose its inclusion in the Union.The territorial confl...
A deal to renew a payroll tax cut for 160 million U.S. workers through 2012 headed on Thursday toward congressional approval as Democratic and Republican leaders rallied support for the bipartisan agreement.
Economists have factored the payroll tax cut extension into forecasts that the U.S. economy will grow 2.5 percent in 2012.
New claims for unemployment benefits unexpectedly fell last week to a near four-year low, a government report showed on Thursday, suggesting the labor market was finally strengthening.
Wall Street stocks were set to open little changed on Thursday as concerns about a possible downgrade of global banks by Moody's were offset by upbeat U.S. data on the labor and housing sectors.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.
Claims for jobless benefits fell for a third straight week to the lowest level since March 2008, when the U.S. was in the early stages of a recession. This could signal the labor market is gaining momentum.
The eurozone finance ministers have demanded greater supervision and control of Greece's economy in return for the approval of bailout package.
Asian shares and the euro fell Thursday as another delay in cementing a crucial bailout for stricken Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
Negotiators Wednesday evening reached a sweeping tax cut deal that provides a victory to President Barack Obama and his fellow Democrats in Congress and frees Republicans of an issue that threatened to stalk them to the November elections.
U.S. lawmakers Wednesday reached a sweeping tax cut deal that provides a victory to Democrats and frees Republicans of an issue that threatened to stalk them to the November elections.
Even though he is performing poorly in polls, President Sarkozy announced Wednesday he will seek another term.
In country after country in Europe the so-called bitter pill approach has been wholeheartedly embraced as the only solution by both conservative and leftwing governments. Problem is, it's looking more and more likely that they're wrong: as a strategy, austerity has by and large failed.
Federal Reserve policymakers are turning to cars to illustrate just how split they are over what, if anything, to do about the U.S. economy, with some eying the brake pedal and others the gas.
Greece is currently straddling the knife's edge of crisis, as a deeply unpopular decision by the country's political leadership to impose painful economic austerity measures on the populace to receive a bailout from foreign creditors has not achieved its desired results. Pictures of life in the nervous country.