Obama scraps bid to raise taxes on ‘529’ plans

(Saul Loeb / AFP/Getty Images)

The administration retreated after a strong backlash to the proposal, which would have curtailed a major tax benefit of the popular college savings accounts.

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Business at General Dynamics is looking up — literally

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Shields, a Pa. native and former Silicon Valley executive, took her expertise across the Atlantic.

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Looking for a restaurant? This space will offer five in one

Created by the executives behind EquityEats, the venue will feature multiple dining concepts each month

Columnists

Michelle Singletary

Michelle Singletary

529 college savings plans are much more than tax havens

Like 401(k) retirement accounts, they prevent money from being spent on anything else.

Steven Pearlstein

Steven Pearlstein

At the glimmering edge of good sense

The brawl over Emerald Cay, paradise to the 1 percent, is a parable of American capitalism gone wrong

Allan Sloan

Allan Sloan

It’s not hard to close the cash-rich split-off loophole

Require that more than 90 percent of the deal’s value (not one-third) consists of operating businesses.

Thomas Heath

Thomas Heath

The view in Potomac makes her forget that Havana condo

Aida Middel, who fled Cuba as a little girl, has the last laugh helping rich Americans solve their chores.

Market News

US stocks mixed after Fed statement

US stocks mixed after Fed statement

U.S. stocks edged mostly lower in afternoon trading Wednesday following the Federal Reserve’s latest policy announcement. The central bank reiterated that it will be patient in raising rates from record lows, but it also voiced new concerns about low inflation.

Wonkblog

Federal Reserve leaves interest rates unchanged

Federal Reserve leaves interest rates unchanged

The Federal Reserve once again left interest rates unchanged at a range of zero to a quarter of a percentage point, postponing a return to what it calls normal rates and reiterating that “it can be patient” in deciding when to begin raising rates.

Google predicts a Seattle Superbowl win

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Charted: The 20 deadliest jobs in America

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On Leadership

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It’s okay that you don’t know what your best possible self is yet. The only way you’re going to figure it out is by trying varieties of it.

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Get There

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You don’t need to bring in millions each year to make the cut.

The Switch

This wireless carrier is paying $40 million because it put limits on ‘unlimited’ data

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