News bites: Tax talk

As Obama pushes for higher taxes on the rich, new data shows the tax bill for the wealthy is already growing.

And despite a high corporate tax rate, American businesses pay only slightly more than their foreign counterparts thanks to tax breaks and loopholes.

China is becoming increasingly concerned about the valuation of its currency.

General Motors, back from bankruptcy, is poised to reclaim its spot as the top auto manufacturer from Toyota.

The rate of television ownership in America has fallen for the first time in 20 years.