84% would pay more under Cain's 9-9-9 plan
October 18th, 2011
07:25 PM ET
3 years ago

84% would pay more under Cain's 9-9-9 plan

New York (CNNMoney) - Under Herman Cain's 9-9-9 tax reform plan, 84% of U.S. households would pay more than they do under current tax policies, according to a report released Tuesday by a nonpartisan research group.

And the impact would be felt most heavily by the lowest income groups.

Programming note: GOP presidential candidates next face off at 8 p.m. ET Tuesday, October 18, in the CNN Western Republican Presidential Debate in Las Vegas, Nevada. Submit your questions for the debate here.

FULL STORY

Filed under: 2012 • Herman Cain
U.S. hits debt ceiling
May 16th, 2011
09:20 AM ET
4 years ago

U.S. hits debt ceiling

NEW YORK (CNNMoney) – It's official: The U.S. government hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress.

Geithner said he would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the government to continue borrowing in the debt markets.

FULL STORY

Filed under: Congress • Debt • Tim Geithner
The war over spending
January 2nd, 2011
08:31 AM ET
4 years ago

The war over spending

NEW YORK (CNNMoney) - Stock up on lint rollers, because the fiscal fur is going to fly when the 112th Congress gets under way Wednesday.

A number of contentious tax and spending issues are on the docket, and factions within each party are ready for battle.

The fight over spending is likely to come to a head by March. That's when temporary funding for the government expires and when the country's debt load will be very close to surpassing the legal debt limit. (Senators: 'Put up or shut up on debt')

FULL STORY

Filed under: Congress • Taxes
March 19th, 2010
09:11 AM ET
5 years ago

Health reform: Where the money will come from

NEW YORK (CNNMoney.com) - Democrats pushing for health care reform are closer to the finish line than ever, but it's not over yet. And the question of cost will remain a central issue in coming days.

On Thursday, the Congressional Budget Office weighed in with a key - if still very preliminary - cost estimate.

The latest bill is a mix of provisions from a bill the Senate passed last December and proposals made by President Obama recently.

Full story


Filed under: Health care