We are witnesses to a time when we were indisputably the greatest nation on earth to one in which we are still the greatest but now with others nipping at our heels.
It is most unfortunate that it takes a severe crisis to get anything done on Capitol Hill, but we fear that a new one will be required to effect material change.
By Atossa Araxia Abrahamian NEW YORK, May 14 (Reuters) - Americans are driving less than they used to because of higher gasoline price...
It's as if the entire economic recovery is going into the pockets of the rich. And that's no accident. Here's why.
Graduates, the corporate job picture as we knew it is being obliterated -- the center cannot hold -- and the world of work we once relied upon is fracturing into myriad new combinations and permutations.
Too much emphasis has been put on immigration reform as a social policy that will benefit immigrants, and not enough has been done to highlight the positive economic impact that immigration reform will have on entire cities and regions.
Rep. Emanuel Cleaver (D-Mo.) thinks Republicans are doing a number on the nation's body politic. "There's no question that Republicans, at least in...
Economic recovery is evading our most struggling populations. But as we celebrate Earth Day, now is a fitting time to highlight how the emerging green sector can bridge our communities to economic opportunity.
Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out? Can an economy be growing and still be on its way off the rails?
The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every ot...
What the Chicago conservatives in 1932 said the government should do was spend aggressively on useful public works and infrastructure. There were then and are now plenty of liberal ideas that deserve harsh criticism.
We're now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn't have enough purchasing power to keep the economy going.
We need to advocate for policies that encourage rather than detract from the formation of startups and their continued ability to thrive and hire more Americans. Our jobs depend on it. Our entire economy depends on it.
The road to political and economic ruin for the Democrats began in the late spring of 2013, when President Obama agreed to a budget grand bargain that cut deficits by 2.8 trillion dollars over ten years, deflated a fragile recovery, and left no room for more than token domestic spending on jobs or infrastructure. The cuts were somewhat "back-loaded" -- bigger later in the decade. But in 2014 they took $200 billion out of the budget. According to CBO, that cut the growth rate by a full percentage point. As part of the deal, more Medicare costs were shifted to patients, and the cost-of-living adjustment for Social Security was cut. Both changes, proposed in Obama's own budget, reduced purchasing power by over $100 billion among the elderly -- who surprised experts by backing Republicans by a margin of 59-41, according to exit polls. The 2013 budget deal, according to Roger Hickey of Campaign for America's Future, "left the Democrats with bragging rights as deficit hawks, but not on the real economy."
CNBC: Like many Americans who move to the suburbs, Tara Simons came to West Hartford, Conn., because she wanted her daughter to grow up in a nice, s...
WASHINGTON, March 22 (Reuters) - Too much of the recent growth in U.S. employment has been concentrated in low-wage and temporary jobs, leaving the ...
While many of the richest Americans are raking in money, some people are actually worse off now than when the recession officially ended in June of 20...
If enacted, House Budget Committee Chairman Paul Ryan's budget would slow the economic recovery. Chairman Ryan selectively uses Congressional Budget...
WASHINGTON -- Increased hiring, lower unemployment, stock market on the rise. Who gets the credit? It's a hotly debated point in Washington, where po...
By Tim Gaynor and Ernest Scheyder SCOTTSDALE, Ariz./WILLISTON, N.D., March 8 (Reuters) - C harles Cork is gearing up to do something h...
WASHINGTON -- The White House says the falling unemployment rate is evidence that the economic recovery is "gaining traction." The jobless rate dropp...
Behind the headlines of record stock market highs this week is a more complex story of the inequality that characterizes the American economy. Comp...
Today the Dow Jones Industrial Average rose above 14,270 -- completely erasing its 54 percent loss between 2007 and 2009. Yet the real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.
March 1 (Reuters) - Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would...
How many economists does it take -- to make the Congress and the president and the media pay attention? Paul Krugman has been warning of the dangers of austerity for a long time. But the media treats him as an outlier.
