Posts Tagged ‘rates’

House to Tackle Student-Loan Rates

Last year they were blindsided. This year they are ready. House Republicans are preparing to pass legislation that would remedy, once and for all, the looming problem of student-loan interest rates. The fixed rate for need-based loans of 3.4 percent is set to double on July 1 unless Congress acts. Politics News Headlines – Yahoo! [...]

Corrugated-Cardboard Lobby Once Again Rates All 535 Congressmen ‘Poor’ On Corrugated-Cardboard-Related Issues

WASHINGTON—Leaders in the corrugated-cardboard lobby published their annual report card for U.S. The Onion Tweet This Post

Time Running Short for Congress to Keep Student-Loan Rates From Doubling

Student-loan reform has emerged as one of the few bipartisan bridges in a budget battle marked by stark divides. After gaveling open a House hearing on federal student-aid programs Tuesday, Rep. Virginia Foxx, R-N.C., called President Obama’s student-loan reform plan “one bright spot” in his budget—a budget Foxx called “disappointing” last week. Politics News Headlines [...]

Fed’s Evans: hiking rates too soon would send U.S. into tailspin

DES MOINES, Iowa (Reuters) – The best way to set the stage for an eventual return to higher interest rates is, paradoxically, to keep rates low for now, a top Federal Reserve official said on Thursday. If the Fed were to raise rates too soon, “what would happen is the economy would slow and we’d [...]

Fiscal deal would raise tax rates, sticking point remains: source

WASHINGTON (Reuters) – An emerging deal to avoid the U.S. “fiscal cliff” would raise $ 600 billion in revenue over the next 10 years by increasing tax rates for individuals making more than $ 400,000 and households making above $ 450,000 annually, according to a source familiar with the talks. The deal would also delay [...]

In Fiscal Cliff Talks, Boehner Gives on Some Higher Rates in Exchange for Entitlement Cuts

Sources familiar with negotiations say that in a phone call on Friday afternoon House Speaker John Boehner, R-Ohio, offered President Obama a deal including letting tax rates expire for those who make over $ 1 million a year, contingent upon significant entitlement spending cuts and reforms…. Tweet This Post

Why Republicans Will Cave on Tax Rates

Byron York: “First, many in the GOP do not believe that raising the rate on top earners from 35 percent to 39.6 percent (the rate before the Bush tax cuts) would seriously damage the economy. Second, they know that most Americans approve of higher taxes on the top bracket, and President Obama, having campaigned and [...]

Higher rates or fewer tax breaks _ what’s worse?

In the fiscal cliff wars, a pivotal battle is raging between Democrats demanding to raise revenue by boosting tax rates on the nation's highest earners and Republicans insisting on eliminating deductions and other tax breaks instead. Which is better for the economy? Analysts say it depends. Tweet This Post