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Rana Foroohar

TIME's assistant managing editor in charge of economics and business.

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Warren Buffett Ready to Take Republicans’ Tax Challenge

Mark Seliger for TIME

Updated, 6:10 p.m. E.T. Warren Buffett is ready to call Republicans’ tax bluff. Last fall, Senator Mitch McConnell said that if Buffett were feeling “guilty” about paying too little in taxes, he should “send in a check.” The jab was in response to Buffett’s August 2011 New York Times op-ed, which made hay of the [...]

Goolsbee Departs: Is the White House Giving Up on Economic Management?

President Obama’s top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday night. It’s odd timing (or maybe not) given that nearly every bit of economic data that has come out in the last two weeks has been negative. There is now a very [...]