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Summary of first-time homebuyer tax credit
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If you're planning to buy a home in the next 10 months, you may be eager to take advantage of the federal government's latest effort to jump-start the nation's moribund housing markets: A tax credit of up to $7,500 for certain homebuyers.
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Schwarzenegger pledge at heart of veto threat
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SACRAMENTO, Calif. (AP) -- The state's political dysfunction reached a new low this week with Gov. Arnold Schwarzenegger vowing the first veto of a California budget in modern history. The spat goes beyond the numbers; it's about what may be the governor's last chance to hammer out a fiscal legacy.
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Biden calls paying higher taxes a patriotic act
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WASHINGTON (AP) -- Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans. In a new TV ad that repeats widely debunked claims about the Democratic tax plan, the Republican campaign calls Obama's tax increases "painful."
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Yankee Stadium deal criticized by lawmakers
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WASHINGTON (AP) -- A congressional panel has taken tough swings at the New York Yankees and New York City government over a new stadium for the Yankees. But neither the team nor the city budged from their positions on the $1.3 billion structure.
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Obama Dusts Off Hoover Playbook
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Election '08: The Obama campaign is using Wall Street's woes as a new rationale for its massive tax increases and protectionism. The last president to take that approach helped cause the Great Depression.
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