The economic news has been nothing but grim lately: weak expansion, sluggish consumer spending and unemployment holding steady at just over 9 percent.Overseas, the picture isn't any rosier, with Greece expected to default on its debts — possibly followed by Portugal and Ireland — and the Internation
The once rare possibility of a federal government shutdown has reared its head again — this time over House Republicans' desire to offset spending for disaster relief with money for other, unrelated projects.A clean car loan program has become a key battleground.
Not since the era of the stock market crash of 1929 have taxes been as low as they are now on capital gains, which are the profits made from investments. The same 15 percent tax rate applies to stock dividends — that's the lowest it's ever been.
Builders broke ground on fewer homes in August, evidence that the housing market remains depressed.The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July and a three-month low.
Tuesday the government's annual poverty and income report revealed that the earnings of male workers in the middle of the income ladder are lower today than they were almost 40 years ago.In 1973 the median male worker earned just over $49,000 when adjusted for inflation, while in 2010 that worker ma
Last year economist Lakshman Achuthan said he thought the United States had emerged from the depths of a recession, but today the picture looks a bit more grim. Unemployment is hovering above 9 percent and there were no new jobs created in August.