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Key Senator Wants Tax Overhaul To Boost Economy

Updated: 11/28/2012 - The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.

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Looming Tax Hike Not The Biggest Ever

Posted: 06/11/2012 - Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts are scheduled to expire unless Congress acts.

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Global Food Prices Down Sharply

Posted: 06/07/2012 - A U.N. agency says world food prices dropped sharply in May, reaching their lowest level in eight months due to favorable supplies and currency fluctuations.

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Early Gains Put Dow Positive For The Year

Posted: 06/06/2012 - An early charge on Wall Street has put the Dow Jones industrial average on track for a second straight day of gains -- something that hasn't happened since late April.

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Ford Sales Up 13% In May

Posted: 06/01/2012 - Ford Motor Co. says its U.S. sales rose 13 percent in May on strong demand for its F-Series pickups and SUVs.

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Mortgage Rates Fall To Historic Lows

Updated: 05/31/2012 - Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever. Low rates have helped brighten the outlook for home sales this year.

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U.S. Economy Grows At 1.9 Percent

Posted: 05/31/2012 - The U.S. economy grew at an annual rate of 1.9 percent in the first three months of the year, slower than first estimated.

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Colleges' Bank Deals Saddle Students With Big Fees

Posted: 05/30/2012 - A public interest group says as many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to access students' financial aid money.

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President Obama Signs Ex-Im Bank Bill Into Law

Posted: 05/30/2012 - President Barack Obama has signed legislation that renews the charter of the Export-Import Bank for three years and increases the bank’s lending cap to $140 billion from the current $100 billion.

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Sprint To Shut Nextel As Early As June 2013

Posted: 05/29/2012 - Sprint says it will shut down the Nextel network as early as June 30 next year, cutting off service for its characteristic walkie-talkie-like Nextel phones.

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Home Prices Rise In Most Major U.S. Cities

Posted: 05/29/2012 - Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is latest evidence of a slow recovery taking shape in the troubled housing market.

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U.S. 30-Year Mortgage Rate Falls To New Record

Posted: 05/24/2012 - The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.

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