Bowles-Simpson back on table
April 17th, 2012
07:02 PM ET
3 years ago

Bowles-Simpson back on table

New York (CNNMoney) - A key senator said Tuesday he would try to revive the so-called Bowles-Simpson plan as a starting point in negotiations over a long-term debt-reduction plan.

Democrat Kent Conrad, the Senate Budget Committee chairman, announced he would present the plan as his opening bid at the committee's budget mark-up on Wednesday.

FULL STORY

Filed under: 2012 • Alan Simpson • Deficit • Erskine Bowles • Taxes
Senate GOP blocks Buffett Rule bill
April 16th, 2012
07:07 PM ET
3 years ago

Senate GOP blocks Buffett Rule bill

(CNN) – A proposal to implement the Buffett Rule was blocked in the Senate on Monday, but proponents of the millionaire tax vowed to keep the issue alive in the months ahead.

Republicans, as expected, garnered enough support to reject Democrats' attempt to bring up the proposal for debate. The Democrats fell nine votes short.

FULL STORY

Filed under: Congress • Taxes
Obama's tax record
January 30th, 2012
11:51 AM ET
3 years ago

Obama's tax record

New York (CNNMoney) - Republicans portray President Obama as the tax-hiker-in-chief.

Obama portrays himself as a tax cutter for the masses but not the rich.

FULL STORY

Filed under: President Obama • Taxes • White House
Romney taxes: The Caymans controversy
January 24th, 2012
07:49 PM ET
3 years ago

Romney taxes: The Caymans controversy

New York (CNNMoney) - Okay, we get it. Mitt Romney is uber-rich.

And like a lot of wealthy investors, he's got money offshore, particularly the Cayman Islands.

FULL STORY

Filed under: 2012 • Mitt Romney • Taxes
What to expect in Romney's tax return
January 23rd, 2012
12:49 PM ET
3 years ago

What to expect in Romney's tax return

New York (CNNMoney) - What can the public - and his rivals - expect to learn when Mitt Romney releases his 2010 tax return on Tuesday?

Interest is high, largely because of Romney's vast wealth: He leads the Republican field, and President Obama, by a mile in that category.

FULL STORY

Filed under: 2012 • Mitt Romney • Taxes
What's wrong with the debt ceiling deal?
August 2nd, 2011
03:46 PM ET
3 years ago

What's wrong with the debt ceiling deal?

NEW YORK (CNNMoney) - The debt ceiling deal President Barack Obama enacted Tuesday cuts deficits and lets the country avert default. But it is getting very muted applause from serious fiscal experts - the ones who actually understand the federal budget.

"No one should pretend that they have solved anything other than an artificial political crisis," said Bob Bixby, executive director of the Concord Coalition, a nonpartisan deficit watchdog group.

FULL STORY

Filed under: CNNMoney.com • Debt • Deficit
Reid debt ceiling plan comes up short
July 27th, 2011
10:46 AM ET
3 years ago

Reid debt ceiling plan comes up short

NEW YORK (CNNMoney) – First the House debt ceiling bill came up short. Now it's the Senate bill.

The Congressional Budget Office on Wednesday said the proposal by Senate Majority Leader Harry Reid, which would raise the debt cap by $2.7 trillion, would reduce deficits by $2.2 trillion.

FULL STORY

Filed under: CNNMoney.com • Congressional Budget Office • Debt • Deficit • Harry Reid • Senate
U.S. credit: Raising debt ceiling isn't enough
July 15th, 2011
11:52 AM ET
3 years ago

U.S. credit: Raising debt ceiling isn't enough

NEW YORK (CNNMoney) - If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?

Yes, but not necessarily for long.

FULL STORY

Filed under: CNNMoney.com • Congress • Debt • Deficit • President Obama
Raise the debt limit - or cut $738 billion
February 17th, 2011
05:55 PM ET
4 years ago

Raise the debt limit - or cut $738 billion

New York (CNNMoney) – Want to avoid raising the county's debt ceiling? It could be harder than anyone thinks.

The country would need to cut spending or raise taxes by as much as $738 billion over just 6 months, according to a report from the Congressional Research Service. That's how much it would otherwise need to borrow to pay all its bills for the rest of the year.

FULL STORY

Filed under: Congress
Debt ceiling: Battle heats up
January 6th, 2011
01:13 PM ET
4 years ago

Debt ceiling: Battle heats up

New York (CNNMoney) – Everybody's talking about debt. No wonder: The country's tab is a whisker away from the current debt ceiling.

The rhetoric is already loud, harsh and, at times, misleading. And there is more to come.

FULL STORY

Filed under: CNNMoney.com • Debt
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