Money | MyFOX Spokane

Romneys paid $1.94 million federal taxes for 2011

Submitted by Fox First at Ten on September 21st

By TOM RAUMAssociated Press WASHINGTON (AP) - Mitt Romney, one of the wealthiest candidates ever to seek the presidency, paid nearly $2 million in federal taxes on $13.7 million in income that he and his wife reported last year, his U.S. returns showed Friday. That came to an effective tax rate

Congressional report faults NY Medicaid rate

Submitted by Fox First at Ten on September 21st

By MICHAEL VIRTANENAssociated Press ALBANY, N.Y. (AP) - New York's residential centers for the developmentally disabled cost Medicaid about $1.9 million a year for each patient, and federal overpayments that total $15 billion since 1990 should end immediately, according to a congressional

WHY IT MATTERS: Wall Street regulation and reform

Submitted by Fox First at Ten on September 21st

By DANIEL WAGNERAP Business Writer The issue: The 2008 financial crisis roiled the banking system and swamped the global economy, leaving millions of Americans jobless, underemployed or facing foreclosure. In its wake, Congress set out to overhaul how the government oversees Wall Street. The

Lucent to pay $4.2M over Iraq 911 system testing

Submitted by Fox First at Ten on September 21st

By GENE JOHNSONAssociated Press SEATTLE (AP) - A French-owned telecommunications company has agreed to pay $4.2 million to settle a whistleblower's lawsuit over the testing of a 911-style emergency response system in Iraq, the Justice Department said Friday. Lucent Technologies World

DC sets bar for firing teachers over performance

Submitted by Fox First at Ten on September 21st

By BEN NUCKOLSAssociated Press WASHINGTON (AP) - Tough new teacher evaluations led to a strike this month in Chicago, but in the District of Columbia, such evaluations are "business as usual." Comprehensive teacher evaluations that take into account student performance are a central part of

Out: Three giant rallies a day. In: Fundraisers

Submitted by Fox First at Ten on September 21st

By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - Four years ago, the presidential contenders were packing airplane hangars, city squares and college arenas in a sprint to Election Day. This year, the rallies are fewer, the gatherings often smaller. Barely six weeks before the election, where

Feds say drop in cash spent on tobacco promotion

Submitted by Fox First at Ten on September 21st

By MICHAEL FELBERBAUMAP Tobacco Writer RICHMOND, Va. (AP) - The nation's top tobacco companies spent less money on advertising and promotion of cigarettes and smokeless tobacco products in recent years, according to the latest data from the Federal Trade Commission. Numbers released Friday

House moves to quash Obama coal, gas rules

Submitted by Fox First at Ten on September 21st

By JOSH LEDERMANAssociated Press WASHINGTON (AP) - House Republicans voted Friday to cramp President Barack Obama's environmental policies in favor of increased coal production, in a parting jab before returning home to campaign. The bill would bar the Environmental Protection Agency from

AP sources: US to take Iran group off terror list

Submitted by Fox First at Ten on September 21st

By BRADLEY KLAPPER and MATTHEW LEEAssociated Press WASHINGTON (AP) - The Obama administration will remove from the U.S. terrorism list an Iranian militant group formerly allied with Saddam Hussein, officials said Friday, describing a move that will infuriate Tehran and end years of high-profile

German finance min: no need for more Spain aid

Submitted by Fox First at Ten on September 21st

BERLIN (AP) - Germany's finance minister argued Friday that Spain doesn't need to seek a new aid program, and dismissed suggestions that money left over from a rescue package for its banks might be used to buy the country's government bonds instead. Spain has been granted up to €100