Europe is in a "deep crisis" because each country uses a single currency — the euro — without the benefits of a single government to make the currency workable, Paul Krugman concluded recently in the New York Times Magazine."
The collapse of mortgage giants Fannie Mae and Freddie Mac has so far cost taxpayers nearly $150 billion. Depending on what happens to the housing market, that number could get much higher.But there's interest in a smaller, but still significant number: $160 million. That's how much U.S.
While consumer spending and some other key economic indicators have been trending up in recent months, the thing that Americans really want to see — job growth — hasn't been as strong as anyone would like.
This Tuesday President Obama gives his State of the Union address, and everyone wants to know what he will talk about.For anyone playing parlor games at home that night, New York Times White House correspondent Peter Baker says it might be fun to count the number of times the word "jobs" comes up wi
President Hu Jintao heads back to China on Friday, his state visit to Washington having underscored his country's status as the United States' top economic rival — or even its superior, by one economist's assessment.By traditional measures of gross domestic product — the value, in U.S.
For years now, China has kept strict control over its currency, leading the U.S. and other countries to accuse China of "undervaluing" the yuan. It's a claim China has consistently refuted.But this week, there was sign, albeit a small one, that China may be finally willing to loosen its grip.