State of the Union: Obama promises action on inequality

US President Barack Obama has promised to bypass a fractured Congress to tackle economic inequality in his annual State of the Union address.

Analysts Say Economic Recovery Might Suffer if Tax Break Is Allowed to Expire

WASHINGTON — Economists are warning that the looming expiration of a temporary payroll tax cut — and the possibility that Congress will not extend it — would cause families to spend less and could sap strength from a fragile recovery.