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US Recovery

Yellen Issues New Warning About Housing

Reuters | Posted 07.07.2014 | Business

* Sticks to Fed script on need for low rates * Comments on housing and geopolitical risks break new ground (Adds quotes, details, ...

To Paraphrase Mark Twain -- The Reports of America's Death Are Greatly Exaggerated

Edward Goldberg | Posted 04.01.2014 | Politics
Edward Goldberg

The re-emergence of the United States as the growing -- not declining economic power (a pattern that has happened several times before) -- will have tremendous ramifications throughout the world.

US GDP Data: Cause for Concern?

Peter Hall | Posted 04.15.2013 | Business
Peter Hall

As shocking as America's fourth quarter figures are, one key message rings through: underlying growth is where it's at. Know that the government and trade sectors will weigh down growth, making things look humdrum. But the rest of the U.S. economy is heating up.

Thoughts on Tax Day 2012

Robert Reich | Posted 06.17.2012 | Politics
Robert Reich

As Justice Oliver Wendell Holmes, Jr., wrote in 1904, "taxes are the price we pay for a civilized society." But the wealthiest Americans, who haven't raked in as much of America's income and wealth since the 1920s, are today paying a lower tax rate than they have in over 30 years.

Threats to the Current Recovery

Jared Bernstein | Posted 04.24.2012 | Business
Jared Bernstein

On the economy, in my humble opinion we're not yet into the virtuous cycle where we can count on above-trend growth to generate jobs, which boosts paychecks, which supports consumption, which signals investors to get into the game, which leads to more growth, etc. But we're headed there. The best evidence for that is the improving job market -- but this remains fragile, and risk factors lurk out there. At this point, what worries me most is the lack of a public policy cushion such that if one of those risk factors flared up, we could count on policy makers to fight back. Jeez... imagine that.

Can Italy Derail the U.S. Recovery?

Georges Ugeux | Posted 03.09.2012 | Business
Georges Ugeux

A default of Italy would trigger a European bloodbath and a world crisis compared to which the 2008 crisis would look as a blip.

Small Business Borrowing Makes Big Month-By-Month Jump: PayNet

Posted 12.03.2011 | Business

CHICAGO (Ann Saphir) - Borrowing by small U.S. businesses jumped in August, a bright spot in an economy whose weaknesses are so pronounced that the Fe...

Federal Reserve Looks To Support Economy With Less Drastic Measures

Posted 11.14.2011 | Business

(Mark Felsenthal) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer...

Economists Expect Jobless Rate To Fall Despite Weak Jobs Report: Poll

Posted 09.08.2011 | Business

NEW YORK (Chris Reese) - Economists at top financial institutions expect the U.S. unemployment rate to fall in 2011 and 2012 despite a surprisingly we...

IMF: Federal Reserve Need Not Consider Additional Stimulus

Posted 08.08.2011 | Business

TOKYO (Stanley White and Tetsushi Kajimoto) - The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest...

China Official: U.S. May Try 'Pushing Up Inflation At Home'

Posted 08.07.2011 | Business

BEIJING (Kevin Yao and Zhou Xin) - China should guard against risks from "excessive" holdings of U.S. assets as Washington could pursue a policy to we...

Fed Survey: Banks Taking Bigger Risks

Posted 07.02.2011 | Business

WASHINGTON: Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large firms g...

Obama To Economic Panel: Unemployment Still 'Biggest Challenge'

Bloomberg | Kate Anderson Brower | Posted 05.25.2011 | Business

President Barack Obama told the first meeting of his panel of outside economic advisers that the U.S. must deal with stubbornly high unemployment even...

Ryan Grim

Mayberry Machiavellis: Obama Political Team Handcuffing Recovery | Ryan Grim | Posted 05.25.2011 | Business

Under the leadership of President George W. Bush, science, empirical evidence and expert advice struggled to be heard above the din of politics. It's ...