During a meeting in the West Wing of the White House this month, President Barack Obama’s aides posed an unusual question to business leaders across the table: How can the administration help House Speaker John Boehner?
After 12 years of Mayor Michael Bloomberg boosting New York’s finance industry, Wall Street is adjusting to the almost inevitable election of Bill de Blasio, who is campaigning against income inequality and calling for higher taxes on the rich.
When New York mayoral candidate Bill de Blasio first proposed taxing the rich so every child in the city could attend all-day preschool, it was October and he had support from fewer than 10 percent of Democrats in polls.
New York Mayor Michael Bloomberg enters 2012 facing the prospect of 10,000 lost Wall Street jobs and a budget deficit that may make it more difficult to build on gains in health, education and public safety.
New York City Public Advocate Bill de Blasio, a probable Democratic candidate for mayor next year, proposed a tax increase on residents earning more than $500,000 a year to pay for extended school hours.
The drone of generators fills the silence of lower Manhattan on a weekday afternoon. A newsstand is open at the corner of Wall and Water streets, its main customers now cleanup crews rather than bankers, lawyers and other financial district office workers.
New York is where the 1 percent live -- and they have the tax returns to prove it. Nine of the 10 most heavily taxed neighborhoods in the U.S. are in the city’s metropolitan area, Internal Revenue Service data show.