Mitt Romney and his wife, Ann, paid $1.94 million in federal income taxes on 2011 income of $13.7 million, most of it from investments, for an effective tax rate of 14.1 percent, his campaign said Friday.
Three states on the gulf coast are under tropical storm warnings right now. Tropical Storm Isaac is on course to reach hurricane strength on Wednesday -- the 7-year anniversary of Katrina, one of the worst natural disasters in U.S. history.
A closely-watched effort to impose a new tax on tobacco to pay for cancer research in the nation's most populous state has failed by less than a percentage point after remaining too close to call for more than two weeks.
Voters in two major California cities overwhelmingly approved cuts to retirement benefits for city workers in what supporters said was a mandate that may lead to similar ballot initiatives in other states and cities buried under mounting pension obligations.
Much has been made about Mitt Romney, in 1983, putting his family dog Seamus in a kennel on top of his roof and driving from Boston to Canada, with said canine Seamus making his displeasure known in a rather scatological way.
Proponents of a millionaire's tax said Monday they would immediately begin collecting signatures for a November ballot initiative to raise income taxes on California's wealthiest residents, even as Gov. Jerry Brown and another group push their own tax-hike campaigns.
Mitt Romney jumped ahead in early returns Tuesday night as he reached for a resounding victory in the Florida primary, biggest test so far in a Republican presidential race with Newt Gingrich that grows steadily more negative with no quick end in sight.
A lot of things stand out about Rick Santorum's dogged bid for the Republican presidential nomination, many that buck conventional political wisdom and are the hallmarks of a campaign on a shoestring budget.
Republican presidential hopeful Herman Cain struggled to overcome the storm of controversy from sexual harassment accusations on Thursday as the threat of a damaging written statement by one of his accusers and shifting explanations by a top aide left his efforts and even his candidacy in doubt.
Republican presidential candidate Rick Perry proposed a sweeping economic plan Tuesday that includes a flat tax proposal, private retirement accounts for Social Security, a lower corporate tax rate and reforms aimed at keeping Medicare solvent.
New Jersey Gov. Chris Christie -- who spurned repeated calls to run for president himself -- endorsed Mitt Romney for the GOP presidential nomination Tuesday, sending a signal to the skeptical GOP establishment to fall in line behind the former Massachusetts governor.