Economy

6:20am

Wed February 22, 2012
The Two-Way

Obama Administration To Propose Cut In Corporate Tax Rate

The Obama administration is today going to propose a cut in the corporate tax rate from 35 percent to 28 percent, according to multiple reports. NPR's Scott Horsley notes that the president also wants to scale back some deductions that businesses now get. So, the overall effect of any such changes could be "revenue neutral" and keep corporations' share of the nation's tax burden unchanged, Scott says.

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2:01pm

Tue February 21, 2012
The Road Back To Work

Even When Employed, Health Care A Challenge

Originally published on Tue February 21, 2012 4:24 pm

Casaundra Bronner, of Hazelwood, Mo., worked in marketing before being laid off in March 2010. She found a job again in March 2011 but is still uninsured and having trouble getting the health care she needs.
Whitney Curtis for NPR

2:00am

Tue February 21, 2012

1:13pm

Mon February 20, 2012
Economy

With Business Up, Owners Say Banks Lending Again

Originally published on Tue February 21, 2012 9:26 am

A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.

Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.

"We've seen a sharp increase in business loans on the books of banks," he says.

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3:25am

Sat February 18, 2012
Economy

'Made In The USA' Not Enough For Campaign Trail

Originally published on Sat February 18, 2012 1:17 pm

An employee welds a stainless steel tank at JV Northwest in Camby, Ore. U.S. factories have boosted output, and busier factories are helping drive the U.S. economy.
Rick Bowmer AP

Hourly workers at General Motors will soon be getting profit-sharing checks of up to $7,000 each after the automaker reported record earnings this week. President Obama may also get a political dividend, two and a half years after a government-engineered turnaround.

Obama reminded a group of United Auto Worker members this week that, back in 2009, his rescue of GM and Chrysler had plenty of critics.

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