John Ydstie
A new data tool finds a strong correlation between where people grew up and their chances of climbing the economic ladder. Charlotte, N.C., hopes to use it to improve residents’ economic mobility.
Both tax proposals in the House and the Senate would add about $1.5 trillion to the nation’s deficit over the next 10 years. That’s a big concern for many economists and some lawmakers.
President Trump has named Federal Reserve Gov. Jerome Powell to head the U.S. central bank. If confirmed by the Senate he will succeed Janet Yellen, the first woman to serve in the Fed’s top post.
Many employers complain about not being able to find workers with the right skills, but experts says some of these employers aren’t trying very hard.
The young Pakistani-born woman shot by the Taliban because she advocated for girls education is now headed for Oxford. Malala Yousafzai is also the youngest-ever winner of the Nobel Peace Prize
Economists say the pickup in wages has been sluggish. One possible reason is that high-earning baby boomers are leaving the workforce. And some people aren’t looking to work because wages are too low.
The economy staged a comeback from a tepid first quarter, but still fell short of the turbo-charged 3 percent growth rate promised by the Trump administration.
During the election campaign President Trump threatened to pull out of NAFTA, which he called the worst trade deal in U.S. history. But he may take a more temperate approach.
Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress. A tax on imports may also be on the table.
Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market’s crash could complicate his confirmation.
During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.
A big part of Donald Trump’s proposed tax cut would go to corporations. The president-elect says that will fuel investment and growth; critics say the plan would explode the federal budget deficit.
Donald Trump has been elected the 45th president of the United States. Trump crossed the 270 electoral vote threshold at 2:31 a.m. ET with a victory in Wisconsin, according to AP projections.
Both Hillary Clinton and Donald Trump talk about increasing opportunities for coming generations. Some analysts say boosting economic growth would help, but the way there is complicated.
Productivity, a key measure of the economy’s health, has been growing more slowly in recent years. Can Facebook and other social media distractions on the job be partly to blame?
Fueled by customers’ unquenchable thirst for the next great flavor note, the craft beer industry has exploded like a poorly fermented bottle of home brew.
In January, International Monetary Fund economists thought the global economy would grow 3.4 percent this year, but now they’ve ratcheted back that forecast.
Global organizations have been trying to rein in the abuse that costs governments hundreds of billions of dollars. But the Panama Papers revelations show the extent to which more work is needed.