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New Data Show Obama Net Positive For Job Creation Since He Took Office

According to new revisions released today by the Bureau of Labor Statistics, the economy created 386,000 more jobs between March 2011 and March 2012 than shown by previous estimates.

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Breaking Down The Labor Deal Between The NFL And Its Officials

The era of replacement referees is over after the National Football League and its officials’ union reached an agreement late last night to end the league’s lockout. The deal, which follows months of...

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Romney’s Budget Plan Could Kill Millions Of Jobs Over The Next Two Years

The budget and tax proposals put forth by Republican presidential nominee Mitt Romney would not lead to the economic prosperity and job growth he has claimed, according to a new study released this...

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Record Number Of Americans Now Have Student Loan Debt

Nearly one-in-five American households now have student loan debt, according to a study released by the Pew Research Center. Overall, 19 percent of households carried some amount of student debt in...

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Explaining Today’s Great Jobs News

Our guest blogger is Heather Boushey, a senior economist at the Center for American Progress Action Fund. New data released this morning by the Bureau of Labor Statistics shows that the private-sector...

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Chicago Fed Officials Warned Regulators About Perils Of High-Speed Trading...

Two years ago, the Federal Reserve of Chicago warned the Securities and Exchange Commission about the dangers high-frequency trading posed to financial markets and the overall economy, but SEC...

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Goldman Sachs CEO: Some Wall Street Reforms May Be ‘Inadequate’

Wall Street has spent millions lobbying to weaken many features of Dodd-Frank financial reform law that are not yet in place. Goldman Sachs, for instance, has spent $15 million lobbying since 2009....

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A Closer Look At Romney’s Strange Debate Comments On Qualified Mortgages

Our guest blogger is John Griffith , a policy analyst with the economic policy team at the Center for American Progress Action Fund. Housing barely came up in last night’s presidential debate

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JP Morgan Chase Sets Profit Record As CEO Complains About Regulation

JP Morgan Chase, the largest American bank, announced record third-quarter profits today of $5.7 billion . Those billions were made even as the bank is still working out the multi-billion dollar...

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America Did Progressive Economic Policy Better Than Europe And Got A Better...

While America’s recovery from the 2008 recession has hardly been booming — economic growth remains sluggish and unemployment is still a discouragingly high 7.8 percent — it’s actually been better than...

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CEO Asks Employees To Help Company ‘And Yourself’ By Donating $2,500 To Romney

Arthur Allen, CEO of ASG Software Solutions A growing number of CEOs are pressuring their employees to vote for Mitt Romney, whose tax cut plan could offer millionaires an $87,000 tax break .

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How Country Music Stars Are Gaming The Tax Code In Tennessee

Billy Ray Cyrus According to an investigation by The Knoxville News Sentinel, wealthy individuals — including corporate CEOs and country music stars — are taking advantage of a loophole in Tennessee...

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VIEWPOINT: How Obama Made Small Change Go Big

“Hope and change,” the ’08 Obama promised. It sounds like a bitter joke to many now. What change have we seen, they ask

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Democratic Rep. Pushes Regulators To Limit High-Frequency Trading

High-frequency trading — using computer algorithims to trade stocks by the millisecond — has exploded in recent years. One Democratic Rep. is urging the Securities and Exchange Commission to do...

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Paul Ryan Embraces Spending Cuts He Said Would Devastate The Country

During an interview on Meet The Press on Sunday, Rep. Paul Ryan (R-WI) predicted that the sequester cuts are “going to happen” and made no concrete proposals for how to avoid the reductions. The tone...

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GOP Congressman Offers Plan To Impeach President Over Budget Deficits

Rep. Mo Brooks (R-AL) Rep

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How Big American Corporations Dodge Taxes By Claiming Huge Profits In Tiny...

American corporations avoid millions of dollars in taxes each year by reporting that large shares of their income are earned in five popular tax havens, even though small segments of their workforce...

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43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is...

When the Dodd-Frank financial reform law first passed, Senate Republicans refused to confirm a director for the newly-created Consumer Financial Protection Bureau. They promised to block any nominee —...

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Almost Two-Thirds Of Older Workers Plan To Delay Retirement

While the richest Americans have fared well during the sluggish economic recovery, most Americans continue to struggle with falling wages and job uncertainty. According to a new report from the...

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Paul Krugman Destroys GOP’s Talking Points On Government Jobs

On Sunday, economist Paul Krugman hit back against GOP claims that public sector employment has increased under Obama, and that such jobs consist mainly of wasteful bureaucrats and somehow count less...

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