(CNN) - Obama unveils $3.7 trillion budget for 2012, including program cuts to reduce deficits by $1.1 trillion over a decade.
NEW YORK (CNNMoney.com) - Stocks moved higher Tuesday as investors welcomed a compromise between President Obama and Republican lawmakers that would extend the Bush-era tax cuts for two years.
The Dow Jones industrial average rose 78 points, or 0.7%, about one hour into the session. The S&P 500 gained 8 points, or 0.7%. The tech-heavy Nasdaq rose 17 points, or 0.7%.
With the economy front and center, we're keeping a close eye on Congress and Obama. Stay tuned for updates on what they get done – and what gets punted.
Bush tax cuts
Obama and Republicans are playing chicken. Obama wants to let the tax cuts lapse on the rich. The two sides are talking and a likely deal would involve a temporary extension for everyone. Question: What can Obama get? He wants help for the jobless.
Bush tax cuts: Cutting through the noise
Two million people will lose benefits in December because Congress failed to act before Nov. 30. Senate and House have voted down Democratic bills to extend benefits. Obama is pushing to include an extension as part of tax cut deal.
Senate fails to advance jobless benefits bill
NEW YORK (CNNMoney.com) - U.S. stocks were poised to fall at the opening
bell Monday after Fed chairman Ben Bernanke gave a pessimistic outlook about
the nation's economy.
Dow Jones industrial average, S&P 500 and Nasdaq futures were all down
slightly. Futures measure current index values against perceived future