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Obama wins 2012 election: Why your taxes are going up

When President Obama and the new Congress begin to tackle important legislation and federal policy in January, one of the key issues will be how to reform America's byzantine tax code.......

Stock futures drop after Obama reelection, EU gloom

NEW YORK (Reuters) - The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles. The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors solidly lower and about 80 percent of stocks on both the New York Stock Exchange and the Nasdaq ending in negative territory. Both the Dow and the S&P 500 closed at their lowest levels since early August. .........

Coal company announces layoffs in response to Obama win

Coal company announces layoffs in response to Obama win......

U.S. to pass Saudi Arabia in energy production

A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia.......

Eurozone back in recession in Q3

The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region's stronger economies.......

Are We Regulating Ourselves Back Into Recession?

Somewhere out there, Mullah Omar must be shaking his head.......

Twinkies aren't dead yet: Hostess, union agree to mediation

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet.......

Just Explain It: What is the Strategic Petroleum Reserve?

Eliminating America's dependency on foreign oil has been a policy goal for at least the last two U.S. Presidents. According to the International Energy Agency, by 2020, the U.S. will overtake Saudi Arabia as the world's number one oil producer.......

Apple to produce line of Macs in the US next year

Apple CEO Tim Cook says the company will produce one of its existing lines of Mac computers in the United States next year.......

US economy adds 146K jobs, rate falls to 7.7 pct.

The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.......
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