XML FeedsArchives for: October 2011, 26
Supercommittee GOP, Democrats swap offers
By News on Oct 26, 2011
WASHINGTON (AP) -- Republicans on Congress' deficit-reduction supercommittee outlined a plan Wednesday that includes spending cuts but none of the increases in tax revenue sought by Democrats, completing an initial exchange of offers that left the two sides far apart despite weeks of secret talks....
Flat tax renews fight on 'trickle-down economics'
By News on Oct 26, 2011
Link: http://hosted.ap.org/dynamic/stories/U/US_2012_GOP_FLAT_TAX?SITE=JRC&SECTION=HOME&TEMPLATE=DEFAULT
WASHINGTON (AP) -- The flat tax is making a comeback among Republican presidential candidates. But it faces tough opposition in Congress because it tends to favor the rich at the expense of other taxpayers, renewing an old debate about "trickle-down economics."...Obama announces help for student loan borrowers
By News on Oct 26, 2011
DENVER (AP) -- President Barack Obama recalled his struggles with student loan debt as he unveiled a plan Wednesday that could give millions of young people some relief on their payments. Speaking at the University of Colorado Denver, Obama said that he and his wife, Michelle, together owed more than $120,000 in law school debt that took nearly a decade to pay off. He said that sometimes he'd have to make monthly payments to multiple lenders, and the debt meant they were not only paying...
EU banks to boost capital buffers by June
By News on Oct 26, 2011
BRUSSELS (AP) -- Poland's finance minister says big European banks will be required to raise their capital cushions to 9 percent of their risky investments by June....
Riot squads clear Wall St. protests in 2 cities
By News on Oct 26, 2011
OAKLAND, Calif. (AP) -- Police in riot gear clashed with anti-Wall Street protesters overnight, firing tear gas and beanbag rounds at hundreds of demonstrators in Oakland and forcibly evicting and arresting more than 50 others in Atlanta....
