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Economic Growth Falls Short Of Economists' Expectations
Comments (0) | 2013 Q1, Budget Cuts, Congress, Dow Jones, economic growth, first quarter economic report, gdp, Government Spending, Nasdaq, National, national debt, Obama, recession, sequester cuts, stock market, U.S. commerce department, u.s. economy, unemployment, Wall Street
Slowed growth in March shows that the sequester cuts are having an impact.
Read more...Cyprus Reaches Last-Minute Deal
Comments (0) | austerity, bank system, bankruptcy, banks, Cyprus, economic collapse, economic downturn, eu, Euro, european union, Greece, International, money, recession
Big depositors will hurt.
Read more...U.S. Economy Shrinks In 4th Quarter
Comments (0) | 4th quarter, economy, economy shrinks, economy us, fiscal cliff, gdp, National, recession, shrinking economy, us economy
The economy shrank for the first time since the recession ended.
Read more...Mixed News For U.S. Housing Market
Comments (0) | Department of Commerce, economy, housing market, National, recession, Recovery, U.S. economic crisis
(Creative Commons)
No firm indication from economists on what's to come.
Read more...Workers Feel Effects Of Payroll Tax Hike
Comments (0) | economy, Federal Reserve Bank of New York, fiscal cliff, National, payroll tax hike, recession, Tax Policy Center, taxes
The average worker will take home $700 less in 2013.
How much of a hit will the U.S. economy take as a result of tax hikes?
Read more...U.S. Adds 155,000 Jobs In December
Comments (0) | boehner, economy, employment, great depression, Great Recession, job growth, jobs, john boehner, John Ryding, Labor Department, National, recession, u.s. economy, U.S. Labor Department, unemployment, unemployment rate, us economy, US Labor Department
House Speaker John Boehner advocated spending cuts and changes to entitlement programs (Creative Commons).
The numbers matched analysts' forecasts.
Read more...East Coast Port Strike Averted, Negotiations Continue
Comments (0) | container royalties, east coast, economy, employers, labor, longshoreman, National, port strike, recession, shipping, unions, US
Unions have postponed striking until February 6. (Creative Commons/James H. Branard Jr. Port of Houston Collection)
14 US ports could have gone offline at the cost of $1 billion a day to the U.S. economy.
Read more...Fiscal Deal Failure: What's Next If No Deal?
Comments (0) | Barack Obama, budget deficit, Congress, fiscal cliff, house of reprsentatives, Joe Lieberman, john boehner, National, National, recession, spending cuts, tax increases, taxes, Washington DC
As the U.S. is likely to head over the fiscal cliff, what can we expect next?
Read more...Lawmakers Skeptical Of 'Fiscal Cliff' Deal As Deadline Looms
Comments (0) | Barack Obama, budget deficit, Congress, fiscal cliff, house of reprsentatives, Joe Lieberman, john boehner, National, recession, spending cuts, tax increases, taxes, Washington DC
President Obama
Congress will be back in session by Thursday, hoping to reach a last-minute deal.
Read more...Boehner Offers Higher Taxes On Millionaires To Avoid Fiscal Cliff
Comments (0) | Barack Obama, deficit reduction, fiscal cliff, house republicans, john boehner, medicare, National, recession, spending cuts, tax hikes, tax increases
House Speaker John Boehner
Proposal would allow tax rates for wealthiest Americans to return to Clinton-era levels.
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