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Lawmakers split over bailout
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Chaos erupted on Thursday in the negotiations over the proposed financial bailout as lawmakers bickered over competing counterproposals to the Bush administration's $700 billion rescue plan.
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The Full Text...
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When to claim credit for the kids
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Dear Tax Talk,
I don't quite get this: I am married and my wife is a homemaker and we have two children in preschool. If my wife worked, we would be able to get a child care credit for the cost of preschool (which is fairly expensive), even though they only go three days a week, up to the $4,800.
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Bill Clinton on Fixing the Economic Crisis
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Bill Clinton sat down with a small group of journalists on Monday, Sept. 22, in advance of the Clinton Global Initiative annual meeting in New York. (The forum brings together more than 1,300 leaders in business, government, and other fields to discuss global issues such as education, energy, health, and poverty.) BusinessWeek staff editor Aili McConnon asked Clinton what he would do about the current economic crisis if he were President now. Here is an edited version of his response.
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Muni Bonds Are Cheap and Safe
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Investors demand safety in a market like this. But what are your options? Short-term Treasury yields remain below 1%. Longer-term Treasury bonds yield more, but with good reason. The cost of the Treasury-led bailout of the financial system will be borne by Treasury bond buyers. And if the dollar continues to weaken, that will also weigh on long-term Treasury prices.
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The Full Text...
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