By Joseph Lawler | 02/11/14 09:00 AM
Janet Yellen will signal continuity with her predecessor Ben Bernanke in her first public appearance as Federal Reserve chairwoman before the House of Representatives Tuesday morning, saying that she expects the Fed to continue to taper its asset purchases in "measured steps" in the months ahead.
By Joseph Lawler | 02/10/14 05:26 PM
One question newly-installed Federal Reserve Chairwoman Janet Yellen is sure to face at this week's monetary policy hearings on Capitol Hill is what the rapidly falling unemployment rate means for the central bank's stimulus policies.
By Joseph Lawler | 02/10/14 06:34 AM
The economy's recovery has been unequal, with the top 1 percent of income earners capturing 95 percent of the income gains between 2009 and 2012, according to the most recent Internal Revenue Service data collected by Berkeley economist Emmanuel Saez.
By Joseph Lawler | 02/07/14 11:37 AM
A Maryland middle school has sparked heated controversy by holding an end-of-day pizza party for high-performing students.
By Joseph Lawler | 02/07/14 11:14 AM
The Labor Department's jobs report disappointed for a second consecutive month Friday, bringing the news that the U.S. created just 113,000 jobs in January, as the unemployment rate fell to 6.6 percent. December's even weaker job report was little revised, from 74,000 to 75,000. Friday’s...
By Joseph Lawler | 02/07/14 05:30 AM
The Congressional Budget Office created an uproar when it released an estimate that Obamacare will lead to a decline in the number of full-time-equivalent workers by 2.5 million by 2024. Although Republicans seized on the news as proof that Obamacare is a job-killer as they have predicted and...
By Joseph Lawler | 02/05/14 02:21 PM
Two authoritative government agencies reported this week that retiring baby boomers have contributed heavily to the shrinking of the nation's workforce, countering fears that the recovery from the financial crisis has stalled out. Before the recession hit, the labor force participation rate...
By Joseph Lawler | 02/04/14 12:25 PM
Obamacare will lead to a drop of 2 million in the number of full-time equivalent workers in 2017 and 2.5 million in 2024, according to the Congressional Budget Office, as workers respond to the incentives in the law that discourage work and make it easier to gain access to health insurance...
By Joseph Lawler | 02/04/14 11:13 AM
Congress' budget scorekeeper slashed its estimate of the federal government's deficit for 2014 from $560 billion to $514 billion, which would be the smallest deficit since before the financial crisis. That would be a significant decrease from fiscal 2013’s $680 billion deficit, which itself...
By Joseph Lawler | 02/03/14 12:06 PM
Ben Bernanke's first stop after an eight-year tenure as chairman of the Federal Reserve will be the Brookings Institution, the Washington think tank announced Monday morning. Bernanke, a Republican, will be a "distinguished fellow in residence" at the center-left Brookings' Hutchins Center on...
By Joseph Lawler | 02/03/14 10:06 AM
The U.S. economy is set to finally to overcome its post-recession weakness in 2014 — if Washington can manage to stay out of the way. That's the assessment of Treasury Secretary Jack Lew, who said Monday morning that 2014 "can and should be a breakthrough year for our economy."
By Joseph Lawler | 02/03/14 08:58 AM
Janet Yellen will be sworn in as the chairwoman of the Federal Reserve at 9 a.m. on Monday morning, making her the most important economic policymaker and one of the most powerful women in the world. As she takes up her office amid a U.S. economy that is still struggling to recover from the...
By Joseph Lawler | 02/02/14 12:52 PM
House Majority Leader Eric Cantor said Sunday that the House will vote on a bill to replace Obamacare this year, which would be a major development for the Republican Party that has not clearly spelled out its alternative to the law that passed in 2010. Appearing on CBS' Sunday morning talk...
By Joseph Lawler | 02/02/14 11:02 AM
Republicans shouldn't wait to pass immigration reform legislation, says Bobby Jindal, Louisiana's conservative Republican governor and possible 2016 president candidate. Speaking with CNN's Candy Crowley Sunday morning, Jindal argued that the GOP is better off working on an immigration...
By Joseph Lawler | 02/02/14 10:56 AM
Republicans can move immigration reform forward, Rep. Paul Ryan said Sunday, but only if it puts border security before amnesty for immigrants in the U.S. illegally. "This is not a trust-but-verify; this is a verify- then-trust approach," said Ryan on ABC. The Wisconsin Republican added that...
By Paul Bedard | 03/09/14
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By Philip Klein | 03/06/14
By Joel Gehrke | 03/08/14