Follow Yahoo!'s The Daily Ticker on Facebook here

President Obama will submit his budget for the 2013 fiscal year that begins Oct. 1 to Congress on Monday. Many of the spending proposals included in the budget resemble initiatives he proffered last September, including a $350 billion short-term jobs creation plan. Congress blocked Obama's $447 billion jobs proposal last year. Obama's budget calls for raising taxes on the rich, including the so-called "Buffett Rule" that affects Americans making more than $1 million a year. Obama would replace the Alternative Minimum Tax with the "Buffett Rule" which was adopted in 1969 but became anachronistic because it did not adjust for inflation, therefore targeting both wealthier and middle class households. Republicans oppose tax increases on all income groups.

Whether or not Congress will pass Obama's budget remains unclear. Republicans have rejected many of Obama's previous spending proposals and Democrats and Republicans alike are reluctant

Follow Yahoo!'s The Daily Ticker on Facebook here!

Apple is on a roll.

The Silicon Valley tech giant made headlines twice already this year for its market capitalization hitting all-time highs. Apple broke a $400 billion valuation in January and just last week topped $460 billion, which means it is worth more-than Google and Microsoft combined. In recent trading, the stock was up 7% to 500.44 after topping $500 for the first time ever earlier today,

Apple also set another record today; this time with consumers and not investors. The general pubic believes Apple has the best reputation in all of corporate America, ousting Google for the number one spot, according to the 13^th Annual Harris Reputation Quotient Study. Apple actually earned an all-time high score on the survey for its reputation.

Taken in December, the poll asked 17,000 people to identify the country's most visible companies and then rate each on a number of attributes, including emotional appeal, products and services,

Follow Yahoo!'s The Daily Ticker on Facebook here!

Apple shares topped $500 for the first time Monday morning, trading as high as $503.83 in yet another milestone in a long-running series by the company.

As impressive as the past decade has been for Apple, the company's "best days are still in the future," according to Ron Johnson, Apple's former retail chief and current CEO of J.C. Penney.

Johnson, who helped build Apple into a retail juggernaut, says the company is poised to keep growing and taking market share because of its intense commitment to "innovation and quality."

Apple is "incredible at creating products that people love," he says. "Nobody does hardware better; nobody does software better. Nobody does retail better. And they're just getting started in places like China."

While the passing of Steve Jobs leaves a void at the firm, Johnson lauds his former colleagues. Apple has a "huge reservoir of talent," he says, citing CEO Tim Cook and design chief Johnny Ives as notable