The top Republican tax writers in Congress warned business groups that supporting President Barack Obama’s tax plan may cost them a chance at cutting the corporate rate, as U.S. budget talks headed into the weekend with no compromise in sight.
Advocates of reduced federal spending say shrinking the U.S. government would boost the economy and create jobs. They are wrong, according to Wall Street economists -- at least for the short term.
"Conversations have continued throughout the weekend, but there is no news or progress to report."
- Mike Steel on Jul 17, 2011