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 Joseph Lawler | 10/20/13 12:13 PM
Israeli Prime Minister Benjamin Netanyahu warned the U.S. on Sunday not to ease economic sanctions on Iran without ensuring the end of Iran's nuclear program, saying that Iran is "trying to get a partial deal that they know could end up dissolving the sanctions regime and would keep them with...
By Joseph Lawler | 10/20/13 11:41 AM
A debt ceiling standoff "can never happen again," warns Treasury Secretary Jack Lew. Speaking with David Gregory of NBC's "Meet the Press" the Friday after President Obama signed a bill lifting the debt limit and reopening the government, Lew called the standoff that preceded the vote to raise...
By Joseph Lawler | 10/20/13 09:50 AM
Florida Senator Marco Rubio endorsed Senate Minority Leader Mitch McConnell over his Kentucky Tea Party primary challenger Sunday morning, signalling a limit to the intraparty resentments following Republicans' failed effort to defund Obamacare throughout the government shutdown. Appearing on...
By Joseph Lawler | 10/17/13 05:08 PM
The budget crisis is over, for now, but the after-effects are yet to be sorted out. Early reports have been dire: Standard and Poor’s said in an analysis that the 16-day shutdown has already shrunk the U.S. economy by $24 billion.
By Joseph Lawler | 10/16/13 04:35 PM
The news of a congressional deal to raise the debt ceiling led to an immediate surge in stock and bond markets Wednesday morning as the threat of default was defused.
By Joseph Lawler | 10/16/13 12:02 PM
Almost alone among economic indicators, consumer confidence has plunged during the government shutdown and as the possibility of a default nears. The economic confidence index updated daily by Gallup has fallen steadily since the summer and dramatically since the shutdown began two weeks ago....
By Byron York | 12/08/13
By Richard Pollock | 12/06/13
By Timothy P. Carney | 12/07/13
By Joel Gehrke | 12/09/13