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President Obama presented his $3.77 trillion federal budget proposal for 2014 Wednesday that includes cuts on entitlement programs as well as tax increases on the wealthy.The proposals are a compromise of sorts from the president to please both Democrats and Republicans to get lawmakers to make serious movements on deficit- reduction talks."The budget isn't just about how to get the deficit in line," says David Kamin, associate professor of Law at NYU. "It is about where [Obama] is putting resources and making decisions about overall spending."The proposal includes reining in an additional $1.8 trillion in deficit reduction in the next 10 years and also proposes a switch to how inflation is calculated and would impact Social Security benefits.Here's a look at what's included in the president's budget and what it means for consumers' bottom lines: Reforming EntitlementsThe president calls for a shift on how beneficiaries of government entitlement programs, such as Social Security, are ...
Financial Laws and Their NamesakesWhat's in a name? When one is attached to federal legislation, it usually means that the bill was introduced or championed by the l...
Curtis Dubay, Heritage Foundation, on the implications of the looming ‘Taxmageddon’ and how it will impact all tax brackets.
Americans for Tax Reform President Grover Norquist on potential tax increases on the way and how they will impact taxpayers and the economy.
PNC Wealth Management Senior V.P. Bill Stone and OneStopOption.com Chief Trading Advisor Alan Knuckman on Nordstrom’s first-quarter earnings results.
FBN’s Stuart Varney breaks down the investing strategy of Warren Buffett and Charlie Munger and the impact of European Socialism.
Sen. Ron Johnson, (R-Wis.), on why he is endorsing Mitt Romney and what is needed to help boost the economy and reduce the deficit.
Weekend With Warren: Berkshire Hathaway CEO Warren Buffett on his investment in newspapers and the administration’s push for higher taxes on the wealthy.
FBN’s Liz Claman discusses why the Oracle of Omaha hasn’t publicly named the future CEO of Berkshire Hathaway.
Sally Kohn, FOX News Contributor, on how President Obama’s plan will pay for keeping student loans low.
FBN’s Stuart Varney sounds off on the government’s impact on the middle class.
The Wall Street Journal’s Dan Henninger on the similarities between our current president and the Great Dealer.
FBN’s Lou Dobbs on the small impact the Buffett Rule would have on most American families.
The CEO of a U.S. tire maker has delivered a crushing summary of how some outsiders view France's work ethic in a letter saying he would have to be stupid to take ov...
Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Ber...
Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Ber...
Warren Buffett's conglomerate Berkshire Hathaway Inc bought back $1.2 billion in stock from the estate of an unnamed investor, the company said on Wednesday, one day...
Economic Policy Institute Director Christian Dorsey on efforts to raise taxes on the wealthy.
U.S. President Barack Obama will make his case for a second term in a speech on Thursday at the Democratic Party convention, where he is likely to touc...
Taxes are moving toward center stage in the run-up to the November 6 U.S. elections and Republican Representative Paul Ryan, tapped to be Mitt Romney's running mate ...
