Barack Obama

So, what does this tax bill stuff really mean for you?

So, what does this tax bill stuff really mean for you?

The new tax law signed by President Barack Obama Friday will spare millions of Americans from a big tax increase on Jan. 1. It also includes a new cut in Social Security payroll taxes next year. A look at how typical taxpayers will fare in 2011: ___ Taxpayer: A single person with no children, making […]

Obama claims tax deal will help middle class

Obama claims tax deal will help middle class

President Barack Obama says a tax cut package that’s about to become law will give a much-needed holiday-season boost to middle class Americans and spur the ailing economy. The president called the deal “real money that’s going to make a real difference in people’s lives.” Obama spoke Friday before signing the $858 billion bill that […]

Obama’s tax bill means nothing to long-term jobless

Obama’s tax bill means nothing to long-term jobless

The tax-cut bill President Barack Obama is expected to sign Friday renews benefits for millions of unemployed people. But it does nothing for hundreds of thousands who have been out of work so long they’ve used up all benefits available to them. In the 25 states with unemployment of at least 8.5 percent, people can […]

Surprise waiting for 13.4 million taxpayers in new bill

Surprise waiting for 13.4 million taxpayers in new bill

About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama‘s Making Work Pay tax credit, a government audit said Thursday. The tax credit, which expires Jan. 1, was designed to increase take-home pay by about $8 a week through new tax withholding tables. The […]

The fix is in and headed to Obama for signature

The fix is in and headed to Obama for signature

A massive bipartisan tax package preventing a big New Year’s Day tax hike for millions of Americans is on its way to President Barack Obama for his signature Friday. The measure would extend tax cuts for families at every income level, renew jobless benefits for the long-term unemployed and enact a new one-year cut in […]

Larry King hangs up his crown

Larry King hangs up his crown

Early last June, CNN celebrated 25 years of “Larry King Live” with a week of shows whose A-list guests included President Barack Obama, LeBron James, Bill Gates and Lady Gaga. It was hyped to the hilt and suitably eventful, even as King and Lady Gaga regarded each other with the bemusement of a human encountering […]

Rahm Emanueul’s Chicago residency still open to debate

Rahm Emanueul’s Chicago residency still open to debate

Attorneys for former White House chief of staff Rahm Emanuel are focused on showing that he always planned to come back to Chicago after he finished working for President Barack Obama. A Chicago Board of Election Commissioners hearing on residency challenges to Emanuel’s mayoral bid enters its third day Thursday with more witnesses expected to […]

Tax showdown in House today

Tax showdown in House today

A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy. House Democratic leaders plan to pass the bill Thursday. But first, they will hold a vote on imposing […]

Aghan war is a bloody, hopeless mess

Aghan war is a bloody, hopeless mess

A White House review of President Barack Obama‘s Afghanistan war strategy reported on Thursday that allied forces are making headway against the Taliban and al Qaeda but that serious challenges remain. “In Afghanistan, the momentum achieved by the Taliban in recent years has been arrested in much of the country and reversed in some key […]

Don’t ask, don’t tell repealed by House again

Don’t ask, don’t tell repealed by House again

For the second time this year the House voted to dismantle the military’s “don’t ask, don’t tell” policy, giving the Senate a final shot in the waning days of this Congress at changing a law requiring thousands of uniformed gays to hide their sexual identity. The strong 250-175 House vote Wednesday propels the issue to […]