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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WASHINGTON — Senators get their first chance Monday to vote on the tax-cut deal struck by President Barack Obama and Republicans, but whatever the outcome of the test vote, the White House expects the bill to pass by year’s end. ...

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WASHINGTON — The tax deal struck by President Barack Obama and congressional Republicans essentially gives Americans a pay raise — pumping money into the economy almost immediately and probably creating hundreds of thousands of jobs over the next two years, ...

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