Wall Street may have won today, and will probably win again tomorrow, but at least we all have Elizabeth Warren to defend the people of this country from those who'd bet the farm and get the farm back when they inevitably lose the bet.
Errors in the CTC and the Earned Income Tax Credit (EITC) -- another working-family tax credit -- need to be reduced (as do errors related to small businesses and various other groups of tax filers). But the debate around this issue often is misleading and ignores three significant points.
It's critical we focus on equalizing education and providing all students -- whether they reside in rural, urban or suburban settings -- with the skills that prepare them for today's technological jobs.
The median household income in 2013 was only slightly above that reported for 1995 (after adjusting for inflation), while costs for necessities like housing (rent), health care, and education are making it much more difficult for middle-class folks to get by.
Under pressure from Congress to cut costs, Census has committed to conduct the 2020 census for the same cost as the 2010 census, despite inflation, population growth, and the growing tendency of busy Americans to ignore surveys.
I've argued for some time that the process of deleveraging has yet to run its course. The aggregate level of debt in our economy currently stands at a record high, even though many pundits continue to say that debt levels are much more manageable now as compared to the pre-crisis days.
The growth of the American and global economies are the underlying drivers for most all equity investments. A clear discipline, dogged research, and dispassionate assessment are an investor's best friends.
I want to buy a house. Would you be willing to loan me $250,000 for 30 years at 4.25 percent? Your answer is crucially important. Before you answer, keep in mind that you will be taxed on the interest you receive.
While their videos have been unquestionably successful in terms of raising awareness (1.2 million videos uploaded) and funds ($13.3 million contributed) on behalf of an intractable disease, they have overlooked the most important message of all: vote.
When it considers IRS funding, the Senate should take a stronger stand for honest taxpayers by rejecting all cuts and giving the IRS the resources it needs to do its job. The president should accept no less.
The Congressional Budget Office's new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014. They show that the nation's fiscal outlook is stable for the rest of this decade and then worsens gradually.
A balanced federal budget isn't a pipedream or some crazy economic theory that will never come to pass. Our home states of Ohio and Minnesota balance their budgets thanks to constitutional requirements, as does nearly every other state in the nation.