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.
View ArticleBreaking 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...
View ArticleRomney’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...
View ArticleRecord 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...
View ArticleExplaining 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...
View ArticleChicago 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...
View ArticleGoldman 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....
View ArticleA 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
View ArticleJP 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...
View ArticleAmerica 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...
View ArticleCEO 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 .
View ArticleHow 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...
View ArticleVIEWPOINT: 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
View ArticleDemocratic 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...
View ArticlePaul 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...
View ArticleGOP Congressman Offers Plan To Impeach President Over Budget Deficits
Rep. Mo Brooks (R-AL) Rep
View ArticleHow 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...
View Article43 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 —...
View ArticleAlmost 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...
View ArticlePaul 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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