January 4th, 2013
10:38 AM ET
1 year ago

Can a $1 trillion coin end debt ceiling crisis?

(CNNMoney) - What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin?

That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion.


Filed under: CNNMoney.com • Debt
World markets react to fiscal cliff
January 1st, 2013
08:22 PM ET
1 year ago

World markets react to fiscal cliff

Hong Kong (CNNMoney) - International markets opened for business Wednesday as lawmakers in the United States raced to complete legislation that would mute much but not all of the fiscal cliff.

The Senate passed a compromise measure Tuesday that would extend the Bush-era tax cuts for the vast majority of Americans and spare tens of millions from the Alternative Minimum Tax.

FULL STORY

Filed under: CNNMoney.com • Fiscal Cliff
World markets react to Obama victory
November 6th, 2012
11:59 PM ET
1 year ago

World markets react to Obama victory

HONG KONG (CNNMoney) - World markets were down slightly Wednesday as investors processed U.S. election results.

Asia markets were modestly lower, with the Hang Seng in Hong Kong down 0.4%, the Nikkei in Tokyo off 0.1% and the Shanghai Composite sinking 0.3%.

FULL STORY

Filed under: 2012 • Economy • President Obama
Tough talk on China
October 17th, 2012
12:38 AM ET
2 years ago

Tough talk on China

Honk Kong (CNNMoney) – President Obama and Mitt Romney each used their second presidential debate to talk tough on China.

Romney pledged that he would label China as a currency manipulator on his first day in office - a promise he frequently works into his campaign speeches. And he accused China of "stealing" designs, patents and technology pioneered by U.S. companies.

FULL STORY

Filed under: China • CNNMoney.com
Jack Welch: I was right about jobs report
October 9th, 2012
11:36 PM ET
2 years ago

Jack Welch: I was right about jobs report

Hong Kong (CNNMoney) - Jack Welch elaborated Wednesday on his widely-debunked criticism of the latest government jobs report, claiming in an op-ed that the reported 7.8% unemployment rate is "downright implausible."

Writing in the Wall Street Journal, Welch said that it is an overstatement to suggest that data collected by the Bureau of Labor Statistics is "precise" or "bias-free." And he raised questions over three key statistics - the labor-force participation rate, the growth in government workers and overall job growth - saying big one-month gains "have to raise some eyebrows."

FULL STORY

Filed under: unemployment
Romney wins debate - on Intrade
October 4th, 2012
12:06 AM ET
2 years ago

Romney wins debate - on Intrade

(CNNMoney) - To the investors on Intrade, there was little question who came away from Wednesday night's presidential debate on top: Mitt Romney.

Intrade is a prediction market that allows investors to wager on the outcome of events. In this case: the presidential election.

FULL STORY

Filed under: 2012 • Debate • Mitt Romney • President Obama
Moody's: Obama still on track to beat Romney
October 2nd, 2012
08:38 AM ET
2 years ago

Moody's: Obama still on track to beat Romney

(CNN) - Research firm Moody's Analytics, citing state-by-state economic data, continues to predict that Barack Obama will defeat Mitt Romney on Election Day. Click on the map for more info on each state.

Despite a wave of disappointing economic reports, President Obama is still likely to top Mitt Romney on Election Day, according to the latest forecast from Moody's Analytics.

FULL STORY

Filed under: 2012 • Mitt Romney • President Obama
Which party the middle class favors
August 22nd, 2012
01:56 PM ET
2 years ago

Which party the middle class favors

NEW YORK (CNNMoney) - President Obama and Mitt Romney both say they are focused on improving the lives of middle-class Americans, but a new poll suggests that the president has a slight edge over his challenger with the key demographic group.

Just more than half - 52% - of middle-class adults said the president's policies would benefit them should he win a second term. A lower number - 42% - of respondents said that Romney's policies would help the middle class.

FULL STORY

Filed under: 2012 • Mitt Romney
Obama-friendly CEO gave to Paul Ryan
August 21st, 2012
07:42 AM ET
2 years ago

Obama-friendly CEO gave to Paul Ryan

NEW YORK (CNNMoney) – Is it possible to love both President Obama and Rep. Paul Ryan?

Marc Benioff says yes. And the outspoken tech CEO is backing his words with campaign cash.

FULL STORY

Filed under: Fundraising • Paul Ryan • President Obama
Study: Romney tax plan would shift burden to poor
August 1st, 2012
11:26 AM ET
2 years ago

Study: Romney tax plan would shift burden to poor

New York (CNNMoney) - Mitt Romney's tax plan would provide large tax cuts to the very wealthy, while increasing the tax burden on the lower and middle classes, according to a study released Wednesday.

The report - produced by researchers at the Urban-Brookings Tax Policy Center - illustrates just how difficult it would be to recoup government revenue lost under Romney's plan.

FULL STORY

Filed under: 2012 • Mitt Romney • Taxes
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