Robert Reich is chancellor's professor of public policy at the University of California, Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written 13 books, including "The Work of Nations," "Locked in the Cabinet," "Supercapitalism," and his most recent book, "Aftershock. "
It is no secret that companies spend money lobbying Congress. But there's a new wrinkle to the relationship between corporations and federal money.
Understanding the U.S budget means taking a look at a change in the way the government is financed.
U.S. companies are reporting stronger than expected profits. So why is the economy lagging?
Congress and the White House are engaged in a new debate about raising the U.S. debt limit.
Negotiations continue to avert a government shutdown. But one agenda item is missing from the conversation.
Many regulatory agencies are facing severe budget cuts. But tighter budgets could undermine regulations.
Posted In: Small Business, Taxes
Commentator Robert Reich believes that President Obama's proposed tax cuts come from the false belief that a key to economic growth is lowering the cost of capital.