Ronald Reagan's former home for sale for $5 million
(CNNMoney) - The Pacific Palisades, Calif., home where Ronald and Nancy Reagan lived just before they moved to the White House is on the market.
In the 1950s Ronald Reagan's best movies were behind him, but he still had enough charm to be asked to host "General Electric Theater," an early television anthology show.
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CBO: Fiscal cliff deal adds $4 trillion to deficits
New York (CNNMoney) - The fiscal cliff deal passed by the Senate Tuesday morning would increase deficits over the next decade by close to $4 trillion, according to the Congressional Budget Office.
But that's relative to where deficits would otherwise be if Congress were to let all the Bush tax cuts expire and keep much if not all of the other tax hikes and spending cuts under the fiscal cliff in place. Under that scenario, only $2.88 trillion would be added to the debt over the next decade.
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Stocks: Investors brace for the cliff
New York (CNNMoney) - Monday is New Year's Eve, but it may feel more like Groundhog Day, as investors spend yet another day awaiting news out of the fiscal cliff negotiations in Washington.
U.S. stocks opened lower Monday as investors continue to dial back expectations that officials in Washington will prevent tax hikes and spending cuts from kicking in on Tuesday.
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Stocks set to fall as fiscal cliff looms
New York (CNNMoney) - It's not the end of the world - literally or for the fiscal cliff talks - but the latest signs of gridlock on Washington have struck fear into investors.
Lawmakers in the House failed to support the so-called "Plan B", a proposal backed by House Speaker John Boehner, late Thursday. The White House had already threatened to veto that plan, saying it would bring only "minimal" changes in projected budget deficits, but its failure underscored the lack of progress on Capitol Hill as the cliff draws nearer.
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Obama's college tuition plans face tough fight
Washington (CNNMoney) - In his re-election campaign, President Obama says he wants to cut the growth of college tuition in half over the next decade.
But he faces hurdles toward that goal over which he has little control, even if he wins Nov. 6: dire state budgets and a gridlocked Congress.
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Buffett: My cancer treatment is done
New York (CNNMoney) - Billionaire investor Warren Buffett says he has completed treatment for a mild case of prostate cancer, according to a published report.
Speaking Friday to executives of newspapers he has recently acquired, Buffett was quoted by The Omaha World-Herald as saying "It's a great day for me. Today I had my 44th and last day of radiation." The World-Herald is owned by Berkshire Hathaway, Buffett's investing company.
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Gas prices climb again, topping $3.76
New York (CNNMoney) - The nationwide average for gasoline prices rose for the 26th straight day Sunday, topping the $3.76-a-gallon mark, according to the motorist group AAA.
The average price of regular unleaded gasoline climbed 0.7 cent in the latest 24-hour period. The price of gas is up from $3.47 a month ago and $3.69 a week ago. Last year at this time, gas was $3.49 a gallon.
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Geithner: Republicans have 'no plan' to create jobs
NEW YORK (CNNMoney) - Treasury Secretary Timothy Geithner says Republicans in Congress don't have a plan to create jobs - a statement Republicans in Congress dispute.
"Unless the Republicans are willing to do more things to help the economy right now, then unemployment will stay too high," Geither said in an interview that aired Wednesday with CNN Chief White House Correspondent Jessica Yellin.
The remarks came on the same day House Speaker John Boehner released a list of 132 American economists who he says support his "Plan for America's Job Creators," a collection of 22 bills passed by the Republican-led House but stuck in the Democrat-led Senate.
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From CNN Politics
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- Biden administration expected to form task force to deal with Microsoft hack linked to China March 7, 2021 12:04 am
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