WARREN BUFFETT

Senate Republicans on Monday afternoon blocked President Barack Obama's Buffett Rule legislation, which would have put a 30-percent minimum tax on millionaires.

President Barack Obama and First Lady Michelle paid an effective tax rate of about 20.5 percent in 2011, but would like to be paying more in order to make the U.S. tax system more fair.

The Buffett Rule is a plan that would raise taxes on America's most wealthy, requiring those making $1 million or more per year to pay a minimum federal tax rate of 30 percent on all income. The idea is sparking heated debates, and that merits a closer look at how U.S. taxes are structured now, what sorts of changes Obama is pushing, and why exactly he's pushing them.

President Barack Obama doubled down on his campaign themes in a Tuesday speech, defending a robust government role for promoting economic growth and offering a pointed attack on Republican fiscal policy.

The president, seeking to bolster his message of economic fairness, is advocating a plan that would raise income taxes on Americans earning more than $1 million to a minimum of 30 percent.

Republicans have accused President Barack Obama of using the so-called Buffet Rule to score political points at the expense of sound policy.

Investor Warren Buffett learned more than economics and thrift as a paper boy during the 1940s when he earned the $5,000 that launched the investments that grew into Berkshire Hathaway Inc.

Private aviation firm NetJets Inc, owned by Warren Buffett's Berkshire Hathaway, has said it is setting up a joint venture in China to cash in on the rapidly growing popularity of private air travel in the country.

A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who supports it - would raise about $47 billion over a decade, according to a congressional report.

President Obama's proposal to raise tax rates for America's welathiest citizens would raise a scant $31 billion, according to an analysis conducted by Congressional tax analysts.

Berkshire Hathaway won dismissal on Monday of a shareholder lawsuit that stemmed from allegations former executive David Sokol profited by violating the company's insider trading policy.

President Barack Obama and First Lady Michelle Obama hosted a big state dinner for the British Prime Minister David Cameron and his wife Samantha, Wednesday night at the White House. Here are some pictures of the Belles in Blue, Michelle Obama and Samantha Cameron, in color-coordinated gowns, at their elegant best at the White House State Dinner, honoring the British Prime Minister David Cameron.

The state dinner at the White House welcoming British Prime Minister David Cameron and his wife Samantha on March 14, 2012, is said to be one of the biggest black-tie events to be hosted by President Barack Obama.

Throughout American history, billionaires have given to improve our society.

Nearly two-thirds of Americans support imposing a minimum tax rate of 30 percent on those who earn $1 million or more a year, according to Reuters/Ipsos poll results released on Tuesday.

Nearly two-thirds of Americans support imposing a minimum tax rate of 30 percent on those who earn $1 million or more a year, according to Reuters/Ipsos poll results released on Tuesday.

Top-tier technology companies including Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Qualcomm (Nasdaq: QCOM) and Applied Materials (Nasdaq: AMAT), among others, all buy back shares. Qualcomm and Applied Materials have just refreshed their buyback programs and hiked their dividends, too.

NetJets Inc, a private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc , was sued for $366.3 million by the government to recover unpaid taxes, four months after sued the government for nearly twice as much.

Buy when there's blood in the streets is a Wall Street saying often attributed to Nathan Mayer Rothschild, a prominent financial operator from the 18th century.

Forbes magazine published its celebrated list of the world's wealthiest people Wednesday, with Carlos Slim bagging the number one spot for the third year running.

Forbes Magazine released its list of the world's billionaires on Wednesday, a collection of 1,153 families and individuals, rife with familiar names like Bill Gates, Warren Buffet and Carlos Slim Helu, who topped the list with a net worth of $69 billion.