Monday marks 15 years since President Clinton signed an overhaul of the nation's welfare system into law. The president said the measure wasn't perfect, but provided a historic opportunity to fix a system that didn't work."
The stock market is at it again. After bouncing back last week, there was a huge sell-off Thursday.The Dow Jones industrial average lost 419 points — more than 3.5 percent on the day — and once again, Europe's debt crisis was a big factor.
The crisis in Europe is one of the underlying causes of recent wild swings in U.S. stock markets. U.S. bank stocks in particular suffer badly with any sign that Europe's debt crisis might be worsening.But the U.S. financial sector's vulnerabilities in Europe are hard to quantify."
President Barack Obama says it likely will be another year to 18 months before home prices start rising again and sales start to pick up.But he says the federal government can't accomplish that alone, and will need support from the banking industry and others to make
Nearly 15 million children, or 20 percent of America's juvenile population, were living in poverty in 2009, according to a child welfare study released Wednesday.More than double that number were in households where no parent had a full-time year-round job, according to the report by the Annie E.
President Barack Obama's Midwestern bus tour will focus on job creation and restoring confidence, but the Federal Reserve doesn't seem very confident about the future.Last week, the Fed committed to near-zero interest rates until 2013, indicating that the Fed board isn't anticipating much growth in
This past week the stock market took a serious nose-dive, the Dow Jones Industrial Average dropped 500 points on Thursday. As a result, investors across the board have been flocking to safer investments.