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The White House and congressional Republicans have begun working behind the scenes toward a broad deal that would prevent taxes from going up for virtually every U.S. family and authorize billions of dollars in fresh spending to bolster the economy. Negotiations have accelerated in recent days as Congress has confronted deadlines for extending a series [...]
Time is up for more than 2 million Americans receiving extended unemployment benefits. Unless congress changes its mind, the benefits, which had been extended to 99 weeks, will cease this month. That loss will impact 43,425 Tennesseans and 23.000 people in Virginia. Steve Nelson from Johnson City is one of the many people who could [...]
A battle is under way on extending benefits for the long-term unemployed, those that have been out of work for 6 months or more. The government has spent $160 billion this year on these benefits. Extending them into next year would cost another $65 billion. Letting the benefits lapse or finding a way to pay [...]
Michael Tennenbaum, founder of Tennenbaum Capital Partners LLC, and Marvin Barth, chief investment strategist at the hedge fund, discuss the potential implications of yesterday’s midterm congressional elections for Federal Reserve monetary policy, the economy and investors. They speak with Margaret Brennan on Bloomberg Television’s “InBusiness.” Bernanke Breathes New Life Into Junk Bond Rally With QE2: [...]
President Barack Obama is warning voters that Republicans seeking control of Congress would roll back his hard-won Wall Street overhaul bill. He says the GOP’s promised repeal of the new law would be a major setback for consumers and would bring back a financial system whose near-collapse led to the worst recession since the Great [...]
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