WASHINGTON — President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps U.S. companies move jobs and profits overseas. “It’s not right and it needs to change,” he said. ...

Tagged with: Barack Obama Congress d.c. Government loopholes republicans Taxes timothy geithner treasury secretary washington

WASHINGTON — The Treasury Department says Congress has one month to raise the nation’s borrowing limit or the government will default on its debt. Treasury officials are confirming the Aug. 2 deadline in a monthly update that assesses the nation’s ...

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WASHINGTON — The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks. The crisis could have been avoided, the Financial Crisis ...

Tagged with: bankers bill clinton federal reserve financial crisis george bush Government hedge funds mortgage Recession treasury secretary wall street washington

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday that the $700 billion financial bailout will end up costing taxpayers less than congressional analysts have estimated. The Congressional Budget Office has estimated that taxpayers will lose $25 billion on the rescue ...

Tagged with: bailout Barack Obama congressional budget office democrats Economy fannie mae financial crisis freddie mac republicans timothy geithner treasury secretary washington

OMAHA, Neb. — Billionaire Warren Buffett wants people to know he thinks the U.S. government performed well during the economic meltdown of 2008. So the chairman and CEO of Berkshire Hathaway Inc. wrote a thank-you note to “Uncle Sam” that ...

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