By Joseph Lawler | 01/22/14 04:53 PM
Treasury Secretary Jack Lew once again tried to provoke action on the debt ceiling Wednesday afternoon, warning congressional leaders by letter that he would run out of measures to create headroom under the limit by late February if it is not raised before then.
By Joseph Lawler | 01/21/14 03:24 PM
The top 85 billionaires are together worth more than the bottom 4.5 billion people in the world, according to a new report from the anti-poverty group Oxfam that has gone viral ahead of the World Economic Forum in Davos, Switzerland. Oxfam's report, widely disseminated across the Internet,...
By Joseph Lawler | 01/21/14 10:21 AM
Stephen Moore, a member of the Wall Street Journal's editorial board and one of the most prolific boosters of supply-side economics, will join the Heritage Foundation as its chief economist, the think tank announced Tuesday morning. Moore told Heritage that he "really wanted to be on the front...
By Joseph Lawler | 01/20/14 09:13 AM
There's no doubt that the labor market recovery has been too weak. January's jobs report was poor, showing just 74,000 jobs created in December. But the longer view is even grimmer: There were 138 million workers on U.S. payrolls at the official start of the recession in December 2007,...
By Joseph Lawler | 01/17/14 11:43 AM
The Chris Christie mess in Fort Lee shows exactly why Americans should prefer tested executives rather than unproven legislators for the Oval Office, writes Edward Glaeser for Economic Policies for the 21st Century.
By Joseph Lawler | 01/17/14 11:24 AM
The number of job openings edged up to 4 million in November, the most since March 2008, the Bureau of Labor Statistics reported Friday.
By Joseph Lawler | 01/16/14 01:39 PM
With his tenure as Federal Reserve chairman winding down, Ben Bernanke once again defended his record in steering the central bank through the financial crisis of 2008 and the ensuing prolonged recession at an event at the Brookings Institution Thursday morning.
By Joseph Lawler | 01/16/14 10:55 AM
Led by rising gasoline costs, inflation rose 0.3 percent on an annual basis in December, according to a Thursday release from the Bureau of Labor Statistics, up from no increase the month before and a slight drop in October.
By Joseph Lawler | 01/16/14 10:47 AM
Treasury Secretary Jack Lew sounded positive notes about the U.S. economy Thursday morning, saying the nation is starting off 2014 "strong" and facing "economic tailwinds, not headwinds," thanks to falling unemployment and what appears to be progress on fiscal affairs in Congress.
By Joseph Lawler | 01/15/14 04:36 PM
Instead of subprime mortgages, it's train crashes, tsunamis, earthquakes and nuclear meltdowns that federal banking regulators are worrying about. A Senate hearing Wednesday brought concerns about Wall Street's involvement in and exposure to commerce in physical commodities to the fore of the...
By Joseph Lawler | 01/14/14 12:59 PM
The open letter organized by the left-leaning Economic Policy Institute recommends legislation introduced by Sen. Tom Harkin, D-Iowa, and Rep. George Miller, D-Calif., that would increase the federal minimum wage from its current $7.25 hourly rate to $10.10.
By Joseph Lawler | 01/14/14 09:37 AM
The U.S. Treasury posted a surplus in December, thanks partly to payments from Fannie Mae and Freddie Mac.
By Joseph Lawler | 01/14/14 09:10 AM
The United States has fallen out of the top 10 countries in the 2014 Index of Economic Freedom published jointly by the Heritage Foundation and the Wall Street Journal. The index, the 20th published by the two organizations, rates countries by 10 criteria. In the 2014 edition released Monday...
By Joseph Lawler | 01/13/14 06:00 AM
In his Dec. 4 speech on inequality, President Obama set the tone for politics in 2014. One claim he made, in particular, is of central importance in understanding what’s happening to American workers.
By Joseph Lawler | 01/11/14 04:30 PM
The typical laundry worker in Pascagoula, Miss., made just $8.67 an hour in 2012, according to the Bureau of Labor Statistics. Someone working the same job in Seattle, however, earned $11.94 an hour — nearly 40 percent more. The minimum wage proposed by President Obama and congressional...
By Joel Gehrke | 03/08/14
By Paul Bedard | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Richard Pollock | 03/07/14