GOP tax plan would drop hundreds of breaks

Rep. Camp (R-Mich.) drafted the plan. (Bloomberg)

Prospects are slim for passing the plan, which was drafted by Rep. Dave Camp (R-Mich.) and would significantly reduce rates for individuals and corporations and jettison popular tax deductions.

Michelle Singletary

Michelle Singletary

Unscrupulous folks target taxpayers eager to get a refund

Every year, the Internal Revenue Service puts out its top 12 tax scams. Identity theft leads the list.

Thomas Heath

Thomas Heath

FlexProfessionals helps job hunters suit up again

Getting back into the workforce is more than just showing up; good habits, skills, confidence are key

Barry Ritholtz

Barry Ritholtz

Barry Ritholtz: What kind of investor are you?

Wall Street sells the outcome-oriented approach. But over time, the process-oriented investor wins.

Michelle Singletary

Michelle Singletary

When paying off debt, gain strength by starting small

Getting rid of your smallest balances first can give you momentum.

Latest Business News

Bernanke set to relive his worst day ever

Bernanke set to relive his worst day ever

Former Fed chief to give sworn testimony in shareholder lawsuit over the government’s bailout of AIG

Sears 4Q loss narrows as it lowers expenses

Sears 4Q loss narrows as it lowers expenses

Sears’ fourth-quarter loss narrowed as the operator of Sears and Kmart stores lowered expenses and reduced inventory.

Corporate America’s gay-rights evolution

Corporate America’s gay-rights evolution

Businesses’ highly public role in the debate in Arizona represented a big shift from even a few years ago.

Tax Cheats: The Rewards Can Go to Those Who Say No

Credit Suisse is accused of helping wealthy Americans hide billions in taxable income from Uncle Sam.

Why civil rights groups are warning against Big Data

Why civil rights groups are warning against Big Data

The use of data and analytics could lead to discrimination against minorities, activists say.

Best Buy returns to profit in 4th quarter

Best Buy returns to profit in 4th quarter

Best Buy returned to a profit in the fourth quarter and topped Wall Street expectations as it cut costs to offset declining sales.

Fixed mortgage rates continue to climb

Fixed mortgage rates continue to climb

The 30- and 15-year fixed rates wander upward while adjustable rates ease

Orders for US durable goods fell 1 percent in Jan.

Orders for US durable goods fell 1 percent in Jan.

American businesses ordered fewer durable manufactured goods in January.

Applications for US jobless benefits rise to 348K

Applications for US jobless benefits rise to 348K

The number of people applying for U.S. unemployment benefits rose 14,000 last week.

California’s drought is extreme, but the government is making it worse

California’s drought is extreme, but the government is making it worse

For many years, Washington and Sacramento have subsidized the water farmers use to irrigate.

Bidders ‘stunned’ by sudden cancellation of contract

OPM offers little explanation for dropping, after more than a year, a huge grant sought by dozens of firms.

Wonkbook: Arizona and Texas, two big wins for gay rights

Wonkbook: Arizona and Texas, two big wins for gay rights

Wonkbook’s Top 5 Stories: (1) America is changing; (2) Camp’s tax reform ideas; (3) a link between growth and inequality; (4) oh, the fake Obamacare horror; and (5) no real debate over climate change.

Switchboard: Leaked Bitcoin file reportedly tied to consulting firm

Switchboard: Leaked Bitcoin file reportedly tied to consulting firm

Plus, Obama keeps NSA public comments a secret, and how Airbnb prices its rooms for rent.

D.C. telecom lawyer races to front lines in global disasters

D.C. telecom lawyer races to front lines in global disasters

Paul Margie helps set up emergency phone and Internet service for relief group Telecoms Sans Frontieres.

Where you went to school matters less than you think

Where you went to school matters less than you think

In a Gallup survey, 9 percent of business leaders said a job candidate’s degree was ‘very important’ when it came to hiring.

GOP tax plan would drop hundreds of breaks

GOP tax plan would drop hundreds of breaks

Prospects are slim for passing the plan, which was drafted by Rep. Dave Camp (R-Mich.) and would significantly reduce rates for individuals and corporations and jettison popular tax deductions.

Housing wealth concentrated in a few places, study shows

Housing wealth concentrated in a few places, study shows

The disparity has remained constant for years and is unlikely to change as the recovery progresses.

IG: Hiring of consultants for Keystone report proper

IG: Hiring of consultants for Keystone report proper

Environmental groups had complained that consultants had ties to the industry.

Join Michelle Singletary for a live Q&A: How to make a budget

Join Michelle Singletary for a live Q&A: How to make a budget

On March 5, personal finance columnist Michelle Singletary leads a discussion on how to set up and stick to a budget.

Understand the House GOP tax-reform proposal in four simple charts

Understand the House GOP tax-reform proposal in four simple charts

Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, is out with a widely anticipated proposal to overhaul the tax code. Here are four charts that explain the impact of the proposal on taxpayers and the economy.

This is what wealth looks like by age group

This is what wealth looks like by age group

The St. Louis Fed says young families have regained only a third of the wealth lost during the recession. Why?

U.S. sales of new homes rebound in January

U.S. sales of new homes rebound in January

U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates.

Sen. Joe Manchin calls for a Bitcoin ban as regulators seek ‘accelerated push’

Sen. Joe Manchin calls for a Bitcoin ban as regulators seek ‘accelerated push’

How should consumers be protected from an American Mt. Gox? Regulators may need to face that question sooner rather than later.

Childhood obesity mirrors the nation’s racial divide

Childhood obesity mirrors the nation’s racial divide

The nation is celebrating this morning news that the obesity rate for children age 2 to 5 plummeted over the last decade. But one of the sadder parts of the study was that the nation’s obesity rate is a reflection of the nation’s racial divide: Blacks and Hispanics suffer much higher levels of obesity compared to whites.

Did Frank Underwood kill Obama’s trade agenda?

Did Frank Underwood kill Obama’s trade agenda?

If President Obama’s trade agenda crashes in a heap put the blame on Kevin Spacey’s machinations in “House of Cards.“

Market News

US stocks waver between small gains and losses

US stocks waver between small gains and losses

Stocks were moving between small gains and losses in early trading Thursday as Federal Reserve Chair Janet Yellen began her testimony to the Senate Banking Committee. Investors were also looking over quarterly results from several U.S. retailers and other companies. Best Buy and J.C. Penney were among the early gainers.