Rate on 30-year fixed mortgage fell to 4.78 pct.
Fixed mortgage rates dipped this week, with the rate on the 30-year loan staying under 5 percent and the 15-year loan falling below 4 percent. Full story
Corning 1Q earns slip, revenue surges
Specialty glass maker Corning Inc. said Wednesday its first-quarter profit fell 8 percent, largely because of a higher tax rate. But its revenue surged 24 percent on robust sales of glass for flat-screen televisions, computers and mobile devices. Full story
Nixon signs repeal of Missouri franchise tax
Missouri Gov. Jay Nixon signed legislation Tuesday that will gradually repeal a tax on some Missouri businesses. Full story
Norquist talks debt fight
Msnbc’s Lawrence O’Donnell talks to Grover Norquist, founder and president of Americans for Tax Reform, about balancing the budget and his public dispute with Sen. Coburn.
Showdown over spending: Room for compromise?
Republicans on Capitol Hill vow to hold up a vote to raise the debt ceiling unless they get concessions from Democrats on spending, while the administration warns of an economic catastrophe if the debt ceiling isn't raised. Will there be a deal? Two members of the "Gang of Six" negotiations, Sens. K
Rate on 30-year mortgage falls to 4.80 pct.
The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market. Full story
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Obama takes tax hike plan to public
President Obama says return to Clinton-era tax rates would help reign in the deficit. NBC's Steve Handelsman reports.
