By Joseph Lawler | 10/25/13 05:39 AM
Alan Cole for the Tax Foundation: Everyone is familiar with the concept, if not the terminology, of a marginal tax rate. Earn a new dollar, and some of that dollar is lost to taxes. The concept applies equally to means-tested assistance from the government.
By Joseph Lawler | 10/25/13 05:38 AM
As soon as the ink was dry on the agreement to lift the debt ceiling, President Obama turned to an outside source, Fitch Ratings, to criticize Congress for allowing the government to come within days of defaulting on its debt.
By Joseph Lawler | 10/22/13 02:17 PM
It's been a tough week for Jamie Dimon, who was once widely referred to as "Obama's favorite banker" but is now managing a record $13 billion settlement with federal regulators.
By Joseph Lawler | 10/24/13 11:25 AM
Harvard professor Larry Summers struck an unusually aggressive liberal tone Thursday morning, denouncing the "austerity" of the past few years as "a grievous error" and calling for increased government stimulus.
By Joseph Lawler | 10/24/13 04:57 AM
California's planned increase of its minimum wage to $10 an hour will cost the state 190,000 jobs, a new report from the conservative think tank American Action Forum estimates.
By Joseph Lawler | 10/23/13 02:12 PM
Janet Yellen, President Obama's nominee for Federal Reserve chairman, is generally viewed as a “dove” --someone who, all else equal, prefers looser money and tolerates slightly higher inflation.
By Joseph Lawler | 10/22/13 08:01 PM
White House economic advisers have assessed the economic damage caused by the congressional showdown over funding the government and raising the debt ceiling at 120,000 private-sector jobs in October.
By Joseph Lawler | 10/22/13 03:48 PM
One bright spot in Tuesday's otherwise disappointing jobs report was strong growth in construction jobs. The sector added 20,000 employees, after six months of stagnation. Although the boost in construction jobs is a step in the right direction, many more months of growth will be needed to...
By Joseph Lawler | 10/22/13 10:53 AM
The U.S. labor market remained stuck in a rut in September, as the number of new jobs created fell to 148,000 and the unemployment rate edged down to 7.2 percent, the Labor Department announced in an unusual Tuesday release of a report that had been delayed by the 16-day government shutdown.
By Joseph Lawler | 10/21/13 08:47 AM
After “flying blind,” in the words of former Federal Reserve chairman Alan Greenspan, for three weeks without government economic data, lawmakers and businesses will get a backlog of reports this week, as releases that were delayed by the government shutdown are issued. Most importantly,...
By Charlie Spiering | 12/04/13
By Timothy P. Carney | 12/05/13
By Joel Gehrke | 12/03/13
By Byron York | 12/06/13
By Michael Barone | 12/06/13