Pete Peterson, retired investment banker and advocate of balancing the federal budget, said Republican presidential candidates engaged in “nonsense” when they opposed raising revenue to help cut the deficit.
Representative Chris Van Hollen of Maryland, ranking Democrat on the House Budget Committee, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that Congress should eliminate a tax break for private-equity and hedge- fund executives to pay for extending a payroll tax cut for workers.
F. Warren Hellman, a onetime president of Lehman Brothers Inc., a pioneer of the private- equity industry and a philanthropist who funded an annual music festival in San Francisco, has died. He was 77.
Bernie Sanders , the U.S. Senate’s only avowed socialist, may be the chamber’s fiercest advocate of taxing the rich to cut the federal deficit. That doesn’t mean he wants to reduce their Social Security and Medicare benefits.