Probability of Recession ‘20% or Less’: Raymond James Expert
The markets could see some upside this year as business spending rises 5% and GDP growth hits 2-3%, according the investment and economic analysts at Raymond James.
Congress Approves Two-Month Payroll Tax Cut Extension
Following House GOP change of heart, bill approved by both Houses in Dec. 23 pro forma sessions.
Boehner Urges House to Scuttle Payroll Tax Cut Deal
A bipartisan negotiated two-month extension of payroll tax cuts and extended unemployment benefits, passed by the Senate on Saturday, looks doomed to fail if House Speaker John Boehner, R-Ohio, follows through with his insistence that the House vote it down late Monday.
CFPB Architect Elizabeth Warren to Run for U.S. Senate
Consumer Financial Protection Bureau (CFPB) architect Elizabeth Warren will officially announce a Democratic run for the U.S. Senate seat held by Republican Scott Brown of Massachusetts.
Senators at Odds Over Cordray’s CFPB Nomination
Members of the Senate Banking Committee were at odds on Tuesday as to whether Richard Cordray is qualified to be the first director of the Consumer Financial Protection Bureau.
Older Workers in Labor Force Is Highest in 35 Years
More Americans close to or beyond retirement age are staying in the work force. The so-called labor-force participation rate reached 40.2% for older workers in 2010, the highest level over the 1975–2010 period, according to new data from the Employee Benefit Research Institute.
Obama Bypasses Warren for CFPB, Naming Cordray
After many months of speculation over who President Barack Obama might choose to run the Consumer Financial Protection Bureau (CFPB) that Elizabeth Warren set up, the wait is over. On Sunday, Obama chose former Ohio Attorney General Richard Cordray to take the top spot.
Advisors & Social Media: Don't Act Like Ashton Kutcher, Expert Says
As Morgan Stanley and the other wirehouses enact social-media policies, the firms and their advisors need to remain conservative
GAO Gives Thumbs-Down to U.S. Financial Statements (for the 14th Time)
Government Accounting Office can’t issue an opinion due to issues at Defense, Homeland Security and Labor departments
Sens. Landrieu, Baucus Introduce Bill to Repeal Form 1099 Small Business Requirement
The Small Business Administration: the cost of tax compliance for small firms is 67% higher than for their larger counterparts.