$100,000 income: Three very different tax bills
April 21st, 2014
07:43 AM ET
7 months ago

$100,000 income: Three very different tax bills

New York (CNNMoney) - There are a lot of differences between Queens, Topeka and Seattle.

One that stands out: People making the same money in each of those places can face very different tax bills.

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Filed under: CNNMoney.com • Taxes
How Washington spends your taxes
April 11th, 2014
09:32 AM ET
8 months ago

How Washington spends your taxes

New York (CNNMoney) – Your tax preparation software may tell you how much you owe in federal income taxes for 2013, but it won't tell you how your money is spent by the federal government.

No worries. The National Priorities Project did the math for you, based on actual federal spending in 2013.

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Filed under: CNNMoney.com • Taxes
2 numbers that could cause another shutdown
Republicans Jeff Sessions and Paul Ryan and Democrats Patty Murray and Chris Van Hollen are leading a bipartisan group of lawmakers who are trying to forge a budget agreement to fund the government for 2014.
October 22nd, 2013
08:00 AM ET
1 year ago

2 numbers that could cause another shutdown

New York (CNNMoney) – Forget a grand bargain. Most people will be relieved if Congress can just agree on funding for fiscal year 2014, which started three weeks ago.

Lawmakers have until mid-January, when the current round of temporary government funding expires, to figure it out. If they don't, the country could be at risk of yet another shutdown.

FULL STORY

Filed under: CNNMoney.com • Congress • Government Shutdown
Debt ceiling countdown: What happens next
What happens on Thursday and what are the risks? The Treasury Department and Wall Street gird for the worst.
October 16th, 2013
08:33 AM ET
1 year ago

Debt ceiling countdown: What happens next

New York (CNNMoney) – Thursday, October 17, is now just hours away.

And Congress still has not raised the country's debt ceiling.

At this point, there's a very good chance it won't make the Thursday deadline.

FULL STORY

Filed under: CNNMoney.com • Congress • Debt • Government Shutdown
Debt ceiling deadline: Stop fixating on October 17
October 10th, 2013
07:35 AM ET
1 year ago

Debt ceiling deadline: Stop fixating on October 17

New York (CNNMoney) – There's still a lot of confusion about what October 17 represents when it comes to the debt ceiling and the risk of a U.S. default.

First, make no mistake. Congress should have raised the debt ceiling weeks if not months ago.

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Filed under: CNNMoney.com • Debt
Budget implications of a U.S. strike in Syria
September 4th, 2013
09:42 AM ET
1 year ago

Budget implications of a U.S. strike in Syria

New York (CNNMoney) – The potential U.S. military strike in Syria is raising moral and political quandaries for Washington. Does it raise a fiscal problem as well?

After all, the Pentagon's budget has been curtailed recently in ways that top officials have warned would create a "hollow" force over the next decade.

FULL STORY

Filed under: CNNMoney.com • Syria
Married same-sex couples gain equal tax benefits
August 29th, 2013
02:54 PM ET
1 year ago

Married same-sex couples gain equal tax benefits

New York (CNNMoney) - Two months after the Supreme Court struck down the Defense of Marriage Act, the Treasury Department on Thursday ruled that legally married same-sex couples will be treated as married for federal tax purposes.

The decision has a host of implications, even for couples who now live in states that don't recognize same-sex marriage.

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Filed under: IRS • Same-sex marriage
Budget brawl: Just the facts
August 27th, 2013
11:22 AM ET
1 year ago

Budget brawl: Just the facts

New York (CNNMoney) - Treasury Secretary Jack Lew just put a rush on looming fiscal fights this fall.

Lew said Monday that Congress must raise the country's debt ceiling before mid-October, which is when Treasury estimates it will have exhausted the extraordinary measures it has taken to keep a U.S. default at bay.

FULL STORY

Filed under: Budget
Lew to Congress: Raise debt ceiling before mid-October
August 26th, 2013
05:36 PM ET
1 year ago

Lew to Congress: Raise debt ceiling before mid-October

New York (CNNMoney) - The United States will reach the limit of its borrowing authority in mid-October, Treasury Secretary Jack Lew said Monday.

At that point, Lew warned, unless Congress has raised the debt ceiling, the Treasury Department will only be able to pay the country's incoming bills with the cash it has on hand.

FULL STORY

Filed under: Jack Lew
Washington's budget brawl: 8 things you need to know
August 5th, 2013
07:23 AM ET
1 year ago

Washington's budget brawl: 8 things you need to know

New York (CNNMoney) – When Congress returns from its five-week summer break in September, lawmakers will face some make-or-break fiscal issues that they have once again left to the last minute.

The stars seem aligned for an ugly fight over the federal budget, automatic spending cuts and the debt ceiling.

FULL STORY

Filed under: Budget • CNNMoney.com
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