Clearly, a two-rate system of 10% and 25% would be a radical departure from the seven-tier system we find ourselves stuck in today, and a major step towards a system where every American can quickly estimate their federal tax liability.

FORBES: Tax Aspects Of Paul Ryan's FY 2014 Republican Budget Proposal

Merck says it cannot yet reasonably estimate the amount of the Vioxx liability in order to take reserves.

FORBES: Vioxx Anxiety Rises

Two studies estimate California's unfunded pension liability at about half a trillion dollars, almost seven times its official debt.

ECONOMIST: A deal with four unions is a good start