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Obama’s plan: Cut spending, tax the rich

Obama’s plan: Cut spending, tax the rich

President Barack Obama coupled a call for $4 trillion in long-term deficit reductions with a blistering attack on Republican plans for taxes, Medicare and Medicaid on Wednesday, laying down markers…

Obama tiptoes around tax hikes

Obama tiptoes around tax hikes

With his striking choice of words, President Barack Obama clearly outlined the greatest perils for Republicans — and for Democrats — in the nation’s high-stakes debate over spending and social…

Budget pact does little to reduce current year deficit

Budget pact does little to reduce current year deficit

A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38…

Treasury Dept. paid law firms without checking bills

Treasury Dept. paid law firms without checking bills

The Treasury Department paid out more than $27 million to law firms overseeing the financial bailouts without requiring detailed bills or questioning the incomplete records that the lawyers provided, a…

Poll: Most think their taxes are fair

Poll: Most think their taxes are fair

For all the complaining this time of year, most Americans actually think the taxes they pay are fair. Not that they’re cheering. Fewer people expect refunds this year than in…

A new TV network for rich boys with toys

A new TV network for rich boys with toys

Discovery Communications Inc. is launching a television network for rich guys and their toys. Called Velocity, the new network will replace the current network HD Theater in some 40 million…

James Bond will return for 23rd film

James Bond will return for 23rd film

James Bond is staying put with the studio that distributed his last two big-screen adventures. Sony Pictures has signed a deal with MGM to co-finance and distribute the 23rd film…

Obama eyes Medicare changes, tax increases

Obama eyes Medicare changes, tax increases

President Barack Obama, two years into a presidency marked by increased spending on a weak economy, is turning his attention to the nation’s crushing debt and trying to counter a…

GOP supports Democratic Medicare cuts

GOP supports Democratic Medicare cuts

In a postelection reversal, House Republicans are supporting nearly $450 billion in Medicare cuts that they criticized vigorously last fall when Democrats and President Barack Obama passed them as part…

Budget cuts: Will anyone really notice?

Budget cuts: Will anyone really notice?

It’s touted as the biggest one-time rollback of domestic spending ever, but most folks will be hard-pressed to notice. After all, it’s just 1 percent of what the government will…