The House of Representatives on Tuesday rejected a two-month extension of the payroll tax cut passed by the Senate on Saturday, calling for a conference committee to find a middle ground between the two houses of Congress.
Joseph Orovic
Dec 20, 2011
What will it take to get the U.S. economy growing at a faster rate and to stabilize Europe's economy? Courage. The courage to deploy more fiscal stimulus and stabilization funds.
Joseph Lazzaro
Dec 20, 2011
Why has Bill Clinton finally agreed to be interviewed by Bill O'Reilly on The O'Reilly Factor? Perhaps it's a last-minute push for his recent book, Back to Work, as a Christmas gift?
IBT Staff Reporter
Dec 19, 2011
The economy appears to have slipped into another recession.
Palash Ghosh
Dec 19, 2011
A bipartisan bill extending the payroll tax cut two months faces grim prospects in the House of Representatives on Monday, as House Republicans are vocally balking at the legislation, leading House Speaker John Boehner, R-Ohio, to demand further talks.
Joseph Orovic
Dec 19, 2011
The Senate-passed bill is a two-month extension of the 2 percent payroll tax holiday, federal support of unemployment benefits and an extension of expiring Medicare provisions.
Balasubramanyam Seshan
Dec 19, 2011
One day after saying he favored the payroll tax reduction extension agreement approved by the U.S. Senate, House Speaker John Boehner, R-Ohio, said he and his caucus will oppose the tax reduction deal. Boehner said House Republicans now want additional budget reductions to finance the extension agreement.
Joseph Lazzaro
Dec 18, 2011
The fate of an expiring tax break for 160 million American workers was in doubt on Sunday after the top Republican lawmaker declared his opposition to a two-month extension passed overwhelmingly by the Senate.
Brett Forman
Dec 18, 2011
The U.S. Senate OK'd on Saturday a $1 trillion bill to fund the government and a two-month extension of the payroll-tax cut, capping a contentious political year while preparing the arena for a fresh battle in 2012.
J.J. McGrath
Dec 18, 2011
After Congressional negotiators signed off Thursday night on a $1 trillion omnibus spending bill that would avert a shutdown and fund the federal government through September, lawmakers' focus returned to the ongoing negotiations over the extension of the payroll tax cut.
Joseph Orovic
Dec 16, 2011
Baroin told the French parliament that Britain is becoming “marginalized” in Europe.
Palash Ghosh
Dec 16, 2011
Japan's Nikkei share average rose modestly on Friday after signs of strength in the U.S. economy but it slipped for the week, as investors continue to worry about the impact of Europe's debt crisis.
Joseph Lazzaro
Dec 16, 2011
The threat of Europe's financial crisis drifting overseas, slowing the U.S. recovery, remains. The Federal Reserve noted this week that Europe's debt crisis remains a threat to the U.S. economy, which it said is expanding moderately. Concerns linger over the health of the European banking sector and possible ratings downgrades in debt-ridden European countries.
David Magee
Dec 16, 2011
World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
IBT Staff Reporter
Dec 16, 2011
Hunger and homelessness are on the rise according to a report released on Thursday by the United States Conference of Mayors.
Bhaskar Prasad
Dec 16, 2011
Asian shares rose and the euro edged higher Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a selloff in riskier assets over the past three days.
Eric Linton
Dec 16, 2011
U.S. lawmakers Thursday night reached a tentative deal to fund an array of government agencies through Sept. 30 and avert shutting down many of Washington's operations starting this weekend.
Eric Linton
Dec 16, 2011
This lack of action by central banks has clearly contributed to the pervasive negative mood felt by most investors.
Palash Ghosh
Dec 15, 2011
U.S. stocks rose on Thursday, as signs of strength in the economy and higher-than-expected profit at FedEx outweighed more warnings about Europe.
IBT Staff Reporter
Dec 15, 2011
After years of economic turmoil, U.S. homebuilders should see modest gains and a stable outlook in 2012, according to a report from Fitch Ratings.
Roland Li
Dec 15, 2011
Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe's debt crisis.
IBT Staff Reporter
Dec 15, 2011
New data from the U.S. Census Bureau found about 146 million Americans are either low-income or living in poverty.
Ashley Portero
Dec 15, 2011
