More jobless Americans are finding work these days, but they are mainly lucky fellas.
After five years and four million foreclosures, the nation is now one big step closer to a national mortgage servicing standard.
In yet another push to define the Democrats as defenders of the middle class, a top economic adviser for the Obama administration outlined Thursday the massive growth in income inequality and its ramifications on the nation. Alan Krueger, chairman of the president's Council of Economic Advisers, said that inequality is now causing an unhealthy division in opportunities and is posing a threat to economic growth. Economic mobility has decreased and the middle class has shrunk.
Lawrence J. Korb, a senior fellow at the Center for American Progress, served as assistant secretary of defense in the Reagan administration. Alex Rothman is a special assistant at the center.
Money Magazine: Stop the tuition madnessupdated: Fri Sep 09 2011 13:52:00
For parents with college-bound kids, it seems like a no-win situation. Your child is eyeing the grassy quads and Gothic dorms of Dream U., while you're staring down at a too-small 401(k), a shaky job market, and a house worth a lot less than a few years ago.
Last month, the Center for American Progress highlighted the stark and disproportionate impact of the ongoing jobs crisis on people of color, with unemployment among blacks reaching more than 16%, compared with more than 11% for Latinos and more than 8% for whites.
Politics is serious business -- but not all the time.
Lawrence Korb, a former assistant secretary of defense in the Reagan administration, is a senior fellow at the Center for American Progress. Laura Conley is a research associate at the center.
The cost of military health care, up 300% in the past decade, is eating a giant hole in the Pentagon's budget, according to a report released Monday by a group of defense experts.
The top five oil companies in the United States made nearly $1 trillion in profit since 2000.
President Obama will release his proposed budget in less than a week, and clues are starting to surface about what programs will be sacrificed to the gods of deficit reduction.
With newly-empowered Republicans poised to bring gridlock to Congress, a powerhouse liberal think tank has some advice for President Obama: "Go around."
Every politician running for election to Congress professes to worry deeply about the country's debt situation, but no one is specific about what he would do, save for rhetoric like "cut spending" or "raise taxes."
Looking for a job? You might want to head to the nation's capital city.
Government transportation spending is full of costly boondoggles.
Office of Management and Budget Director Peter Orszag will announce Tuesday morning that the Obama administration is directing agencies to cut at least 5 percent from their budgets. This comes in addition to the president's pledge to freeze spending at most agencies over the next three years.
Legalization of the more than 11 million unauthorized immigrants in the United States would raise wages, increase consumption, create jobs and generate more tax revenue, two policy institutes say in a joint report Thursday.
At least 13 suspected militants were killed in a tribal region of Pakistan near the Afghan border Wednesday, apparently by missiles fired from unmanned U.S. aircraft, two Pakistani intelligence sources told CNN.
President Obama has been steadfast in his pledge that he won't raise taxes on those making less than $250,000. But that doesn't mean only high-income households will be subject to higher taxes.
The recession may be ending, but the job market is still suffering, according to a government report released Tuesday.
A useful principle of political analysis is to be suspicious when everyone agrees. Which is why the bipartisan paeans to "prevention" in this summer's health care debate have me scratching my head. It's the one reform on which Henry Waxman and John Boehner can join hands. Don't get me wrong: officials are right to say our system is crazily tilted toward paying docs and hospitals for curing people only after they've gotten terribly sick. But when they jump from this to the idea that America's overdue prevention agenda will be the fix for soaring national health costs (and even help pay for expanded coverage), they're blowing smoke.
President Obama's task force on the middle class formally began its work Friday, focusing its first meeting on green jobs and how they might strengthen the economy and the middle class.
U.S. political, business and environmental leaders urged the nation Monday to act quickly to build a unified, national electricity grid, both to diminish the impact of global warming and to boost the economy.
Calls for a sweeping federal response to the housing mess are getting louder. But finding a solution isn't getting any easier.
Homeland Security preps for terror during the presidential transition. CNN's Jeanne Meserve has an exclusive report.
Federal agents sped after phantom drug runners and fired at mock hijackers in coastal Georgia this week as senior officials from various agencies watched and sometimes participated.
Amid record gas prices and a faltering economy, Sen. John McCain called for suspending the federal gas tax Tuesday - a call that was met with skepticism from many experts.
A ridiculous amount of time and energy has already gone into picking the next President, which would lead you to suppose the matter is of some consequence. Of course the person who serves as leader of the Free World matters (ask anyone in Baghdad), but over the long sweep of history it counts for less than we may think.
He has recently made stops in Iowa, New Hampshire and South Carolina, giving speeches and holding town hall meetings. But he's not seeking the presidency.
In 2003, back when Continental Airlines was losing its shirt, Gordon Bethune, its salty CEO, got sick of hearing that upstarts like JetBlue had created a new business model that would bury the indu...
Not long ago an investment banker worth millions told me that he wasn't in his line of work for the money. "If I was doing this for the money," he said, with no trace of irony, "I'd be at a hedge f...
The more than 78 million baby boomers approaching retirement face a financial landscape that offers reasons for hope, but the generations following them have reasons to worry.
THE BOILING DEBATE over the economics of immigration may give you an eerie sense of déjà vu, and no wonder: Its superheated rhetoric recalls the polarized and exaggerated arguments over open trade ...
The boiling debate over the economics of immigration may give you an eerie sense of déjà vu, and no wonder: Its superheated rhetoric recalls the polarized and exaggerated arguments over open trade and globalization in the 1990s.
Are you a confused Capitalist? With crises looming in health care, pensions, and energy (to pick the short list), corporate America's pragmatism is sorely needed in public life. Yet the business co...
EPIC BUREAUCRACY AND WASTE. THOUSANDS dead for lack of basic services. Delays, paralysis, "blame games." I'm not talking New Orleans here--all of the above are standard procedure in our dysfunction...
ANDY STERN'S WALKOUT FROM the AFL-CIO is being cast variously as a clash of egos, the latest death knell for organized labor, or trouble for the Democrats. After all, he was followed by 4.6 million...
WASHINGTON IS HYPERVENTILATING OVER GOP THREATS to exercise the dread "nuclear option," an arcane procedural device by which Senate Republicans say they can ban any filibuster of conservative judic...
CONSIDERING THE STATE OF THE UNION AND THE FEDERAL fisc, maybe it's time we fired both parties. President Bush wants to build on his record red ink with fresh trillions in off-the-books debt to par...
LET ME SAY UP-FRONT THAT I'M A UNITER, NOT A DIVIDER. But speaking as a blue-state resident, maybe I've been a fool.
IF YOU THINK LOW VOTER turnout is killing American democracy, listen to my rabbi's wife.
A new Gallup poll out this morning shows Americans' approval of President Bush's handling of a wide range of issues at the lowest point of his presidency. But that's not enough to break the deadlock in the presidential race.
Washington is aflutter over charges that the White House may have covered up the true cost of the prescription drug bill. But whoever may have told Medicare's actuary not to share what with whom, t...
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|