If you own a home in the U.S., if you have a mortgage, you can deduct the interest you pay on that mortgage from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser in Washington, "the mortgage-interest deduction ... makes no sense."
A report in the Wall Street Journal says Apple may soon replace Google's popular Maps app as the iPhone default with its own mapping application. The move has broad implications for the multibillion-dollar smartphone market.
A new Obama campaign ad says Massachusetts had one of the country's worst economic records by the end of Mitt Romney's term as governor in 2007. But the Romney campaign says the overall unemployment rate was still very low. Can both campaigns be right?
In The Price of Inequality, Nobel Prize-winning economist Joseph Stiglitz argues that widely unequal societies don't function effectively or have stable economies. Even the rich will pay a steep price if economic inequalities continue to worsen, he says.
The Senate votes Tuesday on the Paycheck Fairness Bill. The legislation is supposed to make it easier for employees to challenge pay discrimination. The bill is unlikely to pass the Senate, but if it does, it probably will die in the Republican-controlled House.
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