Except for a report that indicated new home sales in the U.S. increased to a five-and-a-half year high in January, there were very few positive economic reports last week.
We decided that since today is the 5th anniversary of the 2009 stimulus bill, we’d look at some key economic data points from the stimulus’s brief, but tumultuous history.
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Just last week, President Obama stated, “The United States is better-positioned for the 21st century than any other nation on Earth.” Today, that statement got a brutal factcheck from the Congressional Budget Office.
Now that the fiscal year 2014 omnibus spending is signed into law, we thought it would be helpful to look ahead to what Congress will be considering in the coming weeks and months, though the House and Senate are in recess this week.
Six years after the United States economy entered into a recession in December of 2007, the economic recovery remains sluggish. The measures taken in an attempt to boost the economy—record government spending and an increasing national debt—have not resulted in the economic growth that was hoped for.
The numbers say it all: Washington has spent its way into a fiscal crisis. This unsustainable habit will have consquences on future generations unless Congress can work together and enact lasting change.
As Congress considers a proposal to increase the federal minimum wage, a debate over the advantages and disadvantages of such a policy has blossomed.
The economy seemed to be humming along until last Friday when the Labor Department (DOL) released its jobs report for December.
With President Obama fresh off of his Hawaiian vacation, his administration has pivoted to income inequality. First on their list is extending unemployment insurance three more months.