After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit.
When was the last time your employer gave you a raise because the company had a little windfall? Don't feel bad if your memory is drawing blanks.
The focus on health care reform now shifts to the Democratic leadership in Congress a day after the Senate Finance Committee voted through its version of the health care bill.
They're angry and fighting back with full force.
Now that the Congressional Budget Office has concluded that the health-care bill proposed by Sen. Max Baucus will shrink the federal deficit over the next ten years, its champions are heralding the legislation as a model of fiscal responsibility.
A compromise health care proposal widely seen as having the best chance to win Democratic and Republican support would cost $829 billion over the next 10 years, nonpartisan budget analysts concluded Wednesday.
The Senate Finance Committee completed debate on proposed health-care legislation early Friday.
Two members of the Senate Finance Committee plan to put their Democratic colleagues on the spot on Tuesday by offering amendments on whether to give uninsured Americans the opportunity to join a government insurance program.
To: Interested Parties From: John King, CNN chief national correspondent Re: Monday Memo
Senate Finance Committee Chairman Max Baucus on Tuesday unveiled changes to his compromise health care proposal intended to alleviate the concerns of fellow Democrats as the panel began debating more than 560 proposed amendments to the measure.
After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit.
When was the last time your employer gave you a raise because the company had a little windfall? Don't feel bad if your memory is drawing blanks.
The focus on health care reform now shifts to the Democratic leadership in Congress a day after the Senate Finance Committee voted through its version of the health care bill.
They're angry and fighting back with full force.
Now that the Congressional Budget Office has concluded that the health-care bill proposed by Sen. Max Baucus will shrink the federal deficit over the next ten years, its champions are heralding the legislation as a model of fiscal responsibility.
A compromise health care proposal widely seen as having the best chance to win Democratic and Republican support would cost $829 billion over the next 10 years, nonpartisan budget analysts concluded Wednesday.
The Senate Finance Committee completed debate on proposed health-care legislation early Friday.
Two members of the Senate Finance Committee plan to put their Democratic colleagues on the spot on Tuesday by offering amendments on whether to give uninsured Americans the opportunity to join a government insurance program.
To: Interested Parties From: John King, CNN chief national correspondent Re: Monday Memo
Senate Finance Committee Chairman Max Baucus on Tuesday unveiled changes to his compromise health care proposal intended to alleviate the concerns of fellow Democrats as the panel began debating more than 560 proposed amendments to the measure.
It sounds so simple. Insurers that offer very expensive health insurance policies will have to pay a tax and the revenue raised will help pay for health reform and possibly lower health care costs.
It's easy to see why the round of interviews President Obama gave on Sunday did little to dispel the public's confusion about his health-care agenda. The august group of network anchors and political commentators quizzing the president failed to ask him the following fundamental question: Why does the proposal Obama has been praising as the best way to achieve bi-partisan support actually contradict the Administration's stated goals?
As the White House and Senate Democrats move toward Sen. Max Baucus' compromise on health care, there is a growing sense among Democrats that the political power of conservatism remains much stronger than some observers believed after Barack Obama's victory in November 2008.
We were driving through some of the most remote country in the United States, chasing a story that seemed hard to believe.
President Obama took his health care reform message back on the road Thursday, promising a raucous crowd of college students that Congress will pass legislation this year.
The seemingly elusive effort to reach a consensus on health care reform got a new boost Wednesday with the long-awaited launch of a plan believed to have the best hope so far of winning support from centrist Democrats and Republicans.
Senate Finance Committee Chairman Max Baucus, D-Montana, unveiled a summary of his proposed health care plan Monday.
Sen. Max Baucus, chairman of the Senate Finance Committee, unveiled a summary of his long-awaited health plan Wednesday, setting the stage for a legislative showdown on President Obama's top domestic priority.
Despite a drop in inflation, the annual cost of employer-sponsored family health insurance coverage has risen 5% this year to $13,375, according to a new survey released Tuesday.
Increased awareness of the details of a possible compromise health care bill is boosting the comfort level of both Democrats and Republicans, a key Democratic senator said Monday.
The negotiations over health reform are kicking into high gear. And one of the top issues is whether to make insurance companies pay for some of it.
This is the eighth and final installment in a series of health-care columns by Fortune's Shawn Tully.
A Democratic Senate chairman at the heart of Capitol Hill's delicate health care negotiations announced Wednesday that he intends to unveil a long-awaited compromise reform bill from his committee next week.
Rep. Jim Clyburn, D-South Carolina, said Friday that he believes that Democrats should be willing to take "half a loaf" in order to pass health care reform.
Lawmakers searching for a way to pay for health care reform are facing some rough waters.
After huddling Wednesday with Democrats on the Senate Finance Committee, Chairman Max Baucus told reporters that lawmakers still need to come up with $320 billion over the coming decade in taxes to pay for the health care plan. The remaining cost of the bill would be paid for through savings in Medicare, Medicaid and other programs.
The Senate Finance Committee has crafted a health care reform bill that is less than $1 trillion, Finance Committee Chairman Max Baucus, D-Montana, announced Thursday.
Several senior Democratic advisers to the White House are urging President Obama to further step up his personal involvement in the health care debate, as administration allies privately warn the president's push for a major reform bill is hitting major roadblocks at a critical juncture on Capitol Hill.
Two key proposals to improve access to health insurance could reduce the ranks of the uninsured but cost $1 trillion over 10 years, according to preliminary estimates released Monday by the Congressional Budget Office.
Americans who want to follow how the health care debate could affect their tax bill should focus on one man in the next week: Max Baucus.
The debate over whether to have a government-backed insurance plan is fast becoming the most divisive health care reform issue.
As the debate on how to fix health care picks up pace, so does discussion about one of the most lucrative ways to pay for it: Scale back the tax break that workers enjoy for health insurance.
If President Obama has his way, health care reform will be finalized this year. Key Senate and House committees are planning to mark up legislation in June, and the House is aiming to vote on the issue by August.
One of the people named this week to President Obama's new Task Force on Tax Reform is a member of the AIG board of directors.
The populist wave that swept Capitol Hill last week against controversial bonuses paid to AIG executives stalled Monday after the White House and several key senators raised concerns about legislation to heavily tax the bonus payments.
Get ready. Washington is again debating how to fix the health care system. And the outcome might affect your wallet.
Senate Democrats want to tax the controversial bonuses doled out to AIG employees who work for the division that led to the company's downfall.
House Speaker Nancy Pelosi said Thursday there are no immediate plans for a second stimulus package, but she didn't rule out the possibility of having one in the future.
One of the most controversial provisions in President Obama's proposed budget might have a short shelf life on Capitol Hill.
One of the keys to the various health reform plans kicking around Washington is "pooling." The proposal floated by President Obama during the campaign, for instance, would establish a National Health Insurance Exchange designed to help small businesses and individuals reduce their premiums.
Barack Obama made health-care reform a central promise of his presidential campaign. But the shape any change takes will probably depend as much on Congress as on the new president's plans.
Responding to the financial market downturn, the Senate on Thursday voted to ease rules for seniors who are required to take distributions from their battered retirement accounts.
The Senate version of an economic stimulus bill, which could come to a vote this week, contains several tax provisions intended to benefit small businesses, including some not present in the House bill passed on Tuesday.
The Senate Finance Committee on Wednesday passed an economic stimulus package that would inject close to $200 billion into the economy over two years in an attempt to stave off recession.
The House approved a $146 billion economic stimulus package Tuesday afternoon by a wide, bipartisan margin, but the package had an uncertain future in the Senate.
Congress is expected to move swiftly on an economic stimulus package hammered out this week by House leaders and Treasury Secretary Henry Paulson. While individual tax rebates are the plan's centerpiece, Congressional leaders said the bill will include provisions aimed at spurring job creation and offering businesses tax incentives for equipment purchases.
Bipartisan cooperation was the keyword of the day Thursday when House leaders and administration officials announced a $150 billion plan to stimulate the economy.
Word is that President Bush may propose new measures to boost the economy by the time he gives his State of the Union address later this month.
With help from the NRA, nearly 50 Senators are pushing to end a two-decade-old rule forbidding people from openly carrying firearms in most national parks
Giving relief to the middle class from the alternative minimum tax this year has become a thorny problem for the Democrats
Warren Buffett has said it before and he's likely to say it again to Congress on Wednesday: He thinks the heirs of the wealthy should be taxed on their inheritance.
Lawmakers are looking to pass $71 billion worth of tax-break extenders this year. Most politicians support the extensions, but how to pay for them is another matter entirely.
The critics of legislation that would raise taxes on the income of private-equity and hedge-fund manager are coming out in full force, contending it would hurt returns and have negative effects on other kinds of limited partnerships. In addition, they say, not much tax revenue would be raised.
More and more Wall Streeters - especially those new-money hedge fund and private equity managers with net worths stretching toward and beyond the billion-dollar mark - are throwing their considerable moneyed weight behind Democratic candidates. So far, presidential contenders Hillary Clinton and Barack Obama have managed to charm these masters of Manhattan with their policy smarts and scent of potential victory, even while decrying the country's "highest concentration of wealth...since 1929," as Clinton puts it.
The Treasury Department and the IRS on Thursday submitted a second report to Senate tax writers detailing how they plan to look under the country's couch cushions and otherwise come up with past taxes owed but not paid.
A Senate committee approved a five-year, $35 billion expansion of a children's health insurance program that would be financed through higher tobacco taxes
To figure out whether you need to pay quarterly estimated federal taxes this year and avoid underpayment penalties, you need to have a sense of what your tax liability will be.
New requirements to track down, deport and permanently bar people who overstay their visas would be added to a broad immigration bill under a GOP bid to attract more Republican support
Tax-writing committees in Congress are weighing a curtailment of a little-known tax break that helps private equity firms and hedge funds cut their tax bills, according to a newspaper report published Thursday.
These are some facts from tonight's show that you might find interesting.
Taxes undoubtedly are weighing heavily on the minds of private equity's kings these days.
Key leaders in the House and Senate have agreed to a package of tax-breaks for small business that should ease the passage of the minimum wage bill.
U.S. Treasury Secretary Henry Paulson told Senators on Wednesday that significantly narrowing the tax gap between federal taxes owed and taxes paid may not be possible "without adding draconian and painful requirements on all taxpayers," most of whom pay their taxes in full.
As Congress gets set to readdress a small-business health care bill, proponents and critics begin to sharpen their swords.
President Bush in his 2008 budget proposal tackled what he and everyone on Capitol Hill say they want to do: narrrow the tax gap, the estimated $290 billion owed each year but not collected.
President Bush has promised to submit a five-year budget proposal to Congress on Monday that will achieve a balanced budget and eliminate the deficit by 2012 without raising taxes.
In the first 100 hours of the 110th Congress, the House passed a minimum wage bill that raises the federal minimum from $5.15 to $7.25 an hour and the Senate may follow suit this week, to the dismay of some small business owners.
A bipartisan group of senators on Thursday introduced a bill calling for the death of the stealth tax that lawmakers on both sides of the aisle have criticized.
President Bush has promised to submit a five-year budget proposal to Congress that will achieve a balanced budget by 2012 and make permanent his tax cuts.
NEW YORK (CNNMoney.com) - With Republicans unable to get enough votes to pass permanent estate tax repeal, the Senate on Thursday also failed to reach a compromise deal that would permanently lift estate-tax exemption levels and lower the top estate-tax rate.
Three Democratic members of the Senate Judiciary Committee said Thursday that they would vote against President Bush's Supreme Court nominee.
The Senate was up to its old tricks Monday evening.
President Bush on Friday approved a bill that would extend the deductibility of donations made for tsunami disaster relief.
Congress on Thursday approved a bill that would extend the deductibility of donations made for tsunami disaster relief.
Americans have reacted to the tsunami disaster in Asia with an outpouring of giving to a variety of charities -- the American Red Cross alone has already received $92 million in pledges.
The wife of a U.S. senator was charged with simple assault Wednesday following an incident in which she allegedly struck another woman while loading items into her car at a garden store.
The debate about U.S. economic policy is usually heated--sometimes even rancorous--and more than a little political. But recently it's also been nearly devoid of economic analysis. The arguments fr...
Since Sept. 11, a lot has been written about profiteers dressed as patriots. Lobbyists have won all sorts of giveaways, from bison-meat purchases to the abolition of the alternative minimum tax for...
Jon Corzine wants the federal government's economic stimulus package to include much greater spending on public transportation, emergency services and airline security. Here's what's in some of the...
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