The corporate conservative majority on the Supreme Court was at it again on Monday. By its customary 5 to 4 vote, the court threw out a Montana law that had been on the books since 1912, banning corporate spending on elections.
Two longtime leaders on federal budget issues suggested that current tax levels should be extended past 2012, but only as part of a process that nudges Congress to overhaul a range of tax and other fiscal policies next year.
In recent weeks, fresh-faced college students across America have donned caps and gowns and filed toward their future to the strains of "Pomp and Circumstance," proud parents beaming in the background. No turning back now.
Congress is addicted to short-term fixes. Whether it’s a yearlong budget or long-term deficit reduction, lawmakers have limped from one stopgap measure to another. But some politicians and budget experts are holding out hope that the looming threat of the fiscal cliff will give them another shot at passing long-term reform: They hope the January 1 deadline will not only force Congress’s hand on the Bush tax cuts and the sequester, but also pave the way for a sweeping overhaul of both taxes and entitlements.
Once a rite of passage to adulthood, summer jobs for teens are disappearing. Fewer than three in 10 American teenagers now hold jobs such as running cash registers, mowing lawns or busing restaurant tables from June to August.
President Barack Obama's campaign for re-election kicked off a Michigan Road to Recovery tour Monday with U.S. Sen. Carl Levin telling reporters on a conference call that the administration's economic policies saved a million jobs in Michigan that would have been lost if Mitt Romney was in the Oval Office.