NEW YORK (CNNMoney) - Gas prices are on the rise, and so like clockwork, a cadre of politicians are now selling the promise of lower prices at the pump.
Newt Gingrich, struggling to regain momentum in the Republican presidential primary, is leading the way, promising to get prices down to $2.50 per gallon.FULL STORY
New York (CNNMoney) - President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.
"We built this budget around the idea that our country has always done best when everyone gets a fair shot, everyone does their fair share and everyone plays by the same rules," Obama said in his budget message.FULL STORY
NEW YORK (CNNMoney) - President Obama is likely to propose a substantial funding increase for Wall Street regulators in his forthcoming budget.
But there won't be any cheering in the boardrooms and hallways of the Securities and Exchange Commission and the Commodity Futures Trading Commission.FULL STORY
NEW YORK (CNNMoney) - Are you a billionaire with a few million bucks to spare?
Assuming you've already got the customary roster of yachts, planes and vacation homes, you might want to try out the newest craze for super-wealthy Americans: Throw a few million dollars to a super PAC.FULL STORY
NEW YORK (CNNMoney) - Let there be no doubt: The campaign finance floodgates are officially open.
Disclosure forms filed this week with the Federal Election Commission confirmed what has long been expected: Individuals and corporations are using new outside expenditure groups to influence political campaigns in a big way.FULL STORY
New York (CNNMoney) - You can add Rick Santorum to the list of Republican presidential candidates with plans to cut taxes for most Americans, while possibly adding billions to the federal deficit.
Assuming the Bush tax cuts are extended, 69% of Americans would get a tax cut that averages nearly $7,800 under the Santorum plan, according to a new analysis from the Tax Policy Center, a think tank that has been examining each candidate's plan.FULL STORY
New York (CNNMoney) - Republicans attacking Mitt Romney's tenure at Bain Capital got a stern rebuke Thursday from the Chamber of Commerce.
Chamber president Tom Donohue said the attacks on the Republican frontrunner are "foolish" during the group's "State of American Business 2012" event in Washington.FULL STORY
New York (CNNMoney) - Is private equity an acceptable form of capitalism?
That's the curious debate that has broken out within the Republican Party as primary frontrunner and former Bain Capital executive Mitt Romney creeps closer to a presumptive victory in New Hampshire.FULL STORY
NEW YORK (CNNMoney) - Forget taxes, gun rights and gay marriage. The new hot-button campaign issue is private equity.
Long a favorite line of attack for Democrats looking to paint Mitt Romney as an out-of-touch financier, Republicans are now criticizing the former Massachusetts governor's tenure at Bain Capital.FULL STORY
NEW YORK (CNNMoney) - If Republican primary voters are inclined to reward candidates who have big, bold, game-changing plans for the tax code, Mitt Romney might be in trouble.
Compared to the ideas pushed by other White House hopefuls this cycle - particularly Newt Gingrich - Romney's plan is just not that aggressive.FULL STORY