Business

A tax-the-rich proposal named after Warren Buffett has little chance of passing this year, but that hasn't stopped the debate over what impact it would have.

Some economists are skeptical that a 30 percent minimum tax on people with million-dollar incomes — known as the "Buffett rule" — would do much to reduce the deficit or boost the economy. But the Obama administration says the proposal is necessary to make the tax code more equitable.

The World Bank is expected to announce its new president in the next several days. For the past six decades, the bank has been led by an American. President Obama has already nominated Dartmouth College President Jim Yong Kim for the job. But for the first time in its more than 60-year history, there is serious international competition for the job.

The U.S. is facing a growing surplus in natural gas. Renee Montagne talks to Amy Myers Jaffe, of the Energy Forum at the Baker Institute at Rice University, about the glut. She expects some consolidation in the industry.

After years of flagging sales, the embattled consumer electronics chain finds itself leaderless. Best Buy CEO Brian Dunn abruptly resigned Tuesday after the company launched an investigation into his "personal conduct." No word from the chain on the specifics of their probe.