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In Oregon, citizens mobilized to pass progressive tax hikes -- on corporations and families making over $250,000 -- to help avoid cuts in children's and health care programs. more »

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Before we get to the specifics, here's what you need to know about the credit card companies: They're out to shaft you. They'll shaft you every chance they get. more »

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The President is setting up a "Deficit Commission." Many, especially on Wall Street, are demanding that Social Security -- the retirement program that people paid into all of their working lives -- be cut. They want it cut rather than start paying back what was borrowed from the trust fund and used to pay for tax cuts for the rich -- also especially on Wall Street. more »

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Since the nation's capital is enamored of bipartisanship in all its forms, it's surprising that today's letter from five former Treasury Secretaries - both Democratic and Republican - isn't front page news. The secretaries strongly endorsed the so-called "Volcker rule" in a letter to the Wall Street Journal. more »

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Even before a recent U.S. Supreme Court decision blew the lid off corporate campaign spending, it was clear that the big banks would be key players in the 2010 election cycle. more »

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President Barack Obama doesn't begrudge Wall Street's banksters their bonuses.

The president, speaking in an interview, said in response to a question that while $17 million is "an extraordinary amount of money" for Main Street, "there are some baseball players who are making more than that and don't get to the World Series either, so I'm shocked by that as well."

"I know both those guys; they are very savvy businessmen," Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. "I, like most of the American people, don't begrudge people success or wealth. That is part of the free- market system."

Obama sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies. He plans to reiterate that message when he speaks to the Business Roundtable, which represents the heads of many of the biggest U.S. companies, on Feb. 24 in Washington.

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