NEW YORK — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for Business Economics recently surveyed say ...

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ABOARD AIR FORCE ONE — The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily. Obama spokesman Jay Carney said the president has been clear in his opposition to ...

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The Baltimore City Council has approved Mayor Stephanie Rawlings-Blake’s proposed property tax cut legislation. The plan approved on Monday calls for a newly created homeowners tax credit program that the mayor’s office says would be paid for with money generated ...

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WASHINGTON — A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even ...

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WASHINGTON — President Barack Obama sent Congress a $3.73 trillion budget Monday that holds out the prospect of eventually bringing deficits under control through spending cuts and tax increases. But the fiscal blueprint largely ignores his own deficit commission’s view that ...

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NEW YORK — The average rate on 30-year fixed mortgages rose this week to the highest level in seven months, reflecting higher yields on long-term Treasurys. Freddie Mac says the rate increased to 4.86 percent from 4.81 percent in the ...

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WASHINGTON — The tax-cut bill President Barack Obama is expected to sign Friday renews unemployment benefits for millions of unemployed people. But it does nothing for hundreds of thousands who have been unemployed so long they’ve used up all benefits ...

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WASHINGTON — The tax package negotiated by President Barack Obama and GOP lawmakers is headed toward passage in the Senate even as House Democrats consider changes to the estate tax. The bill could be passed and sent to the House ...

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WASHINGTON — The Federal Reserve last month absorbed a wave of criticism for announcing it will buy $600 billion in Treasury bonds to try to revitalize the economy. It won’t help, critics said. So when Fed officials meet Tuesday, they’re ...

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NEW YORK — Expectations that a tax cut package will pass the Senate and a round of corporate deals pushed stocks higher Monday. Bond yields fell after touching their highest levels since June. Deals announced Monday include General Electric Co.’s ...

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