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.
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.
Manny Pacquiao is reportedly considering retirement to devote more time to religion and politics.
U.S. lawmakers reached a tentative deal on Tuesday on legislation aimed at boosting the economy by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.
U.S. lawmakers were close to a deal Tuesday on legislation that would boost the economy in the short term by extending a payroll tax cut for 160 million workers through this year and continue long-term jobless benefits, congressional aides said.
President Barack Obama said on Tuesday he had seen hopeful signs that Congress would pass a payroll tax cut extension for the full year, as he kept pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track.
President Barack Obama on Monday proposed more aggressive deficit reductions through savings from Medicare, Medicaid and other federal healthcare programs than the White House put forward just five months ago.
Rick Santorum has surged into a virtual tie in opinion polls with Mitt Romney, setting up a tough fight in the party's primary in Michigan on Feb 28.
Rick Santorum has surged into a virtual tie with Mitt Romney in a national poll on Monday, becoming the clear favorite of Tea Party voters and white evangelicals.
President Barack Obama will make no further changes to the rule requiring health insurance plans to provide women with coverage for contraception, although U.S. Catholic bishops still object, his chief of staff said Sunday.
U.S. President Barack Obama will call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration. The president is likely to propose a rate closer to an average of those seen in peer nations, the sources said.
President Barack Obama, in an abrupt policy shift aimed at quelling an election-year firestorm, announced on Friday that religious employers would not be required to offer free birth control to workers and that the onus would instead be put on insurers.
The Office of Congressional Ethics is looking into whether Rep. Spencer Bachus, chair of the House Financial Services Committee, violated insider trading laws and used his public office for private gain.
The trade deficit widened slightly more than expected in December, and the bilateral trade deficit with China last year soared to a record high $295.5 billion.
The House of Representatives on Thursday overwhelmingly passed new curbs on insider trading by lawmakers and other government officials despite complaints from Democrats and some Republicans that key anti-corruption provisions were dropped.
Ford Motor Co. on Thursday named former 2012 Republican presidential candidate and former Utah Gov. Jon Huntsman to its board of directors. The appointment gives Huntsman another job as he backs out of the public spotlight back into the private sector. And it gives Ford another established, high-profile board member with political ties.
Gutierrez called out Gingrich for labeling President Obama the food stamp president (watch here), and revealed the actual food stamp president was not a Democrat, but a Republican: George W. Bush. Gutierrez also tore into the former Speaker on Wednesday for relying on politically punchy and racially volatile props to sustain his presidential campaign.
Two of Ford Motor Co.'s top executives are set to retire in April, but Chief Executive Officer Alan Mulally brushed back speculation of his own retirement plans.
The United States has threatened action that could disrupt a French-led satellite maker's supply chain, spurred by suspicion that it illegally used U.S. know-how or parts in spacecraft launched by Chinese rockets.
The top Republican in the Congress on Wednesday denounced President Barack Obama's new rule on contraceptives as an assault on religious freedom and vowed to overturn it, as the White House sought to prevent the issue from becoming an election-year liability.
Gay marriage proponents in the Pacific Northwest cheered a U.S. court ruling on Tuesday that overturned a California ban on same-sex nuptials, in what they saw as boost to their cause a day before a key vote to legalize such unions in Washington state.
The Washington state House of Representatives was expected to endorse gay marriage on Wednesday in a vote that would move the state another step closer to becoming the seventh to recognize same-sex nuptials.
