By Joseph Lawler | 03/03/14 03:55 PM
The House Budget Committee under Chairman Rep. Paul Ryan released an assessment of the federal safety net Monday that casts skepticism on many of its features and sets the stage for the Wisconsin Republican to offer plans for major changes. The report, titled “The War on Poverty: 50 Years...
By Joseph Lawler | 03/03/14 11:00 AM
Bill Gates has reclaimed the top ranking in Forbes' magazine's list of world billionaires, ending Mexican communications magnate Carlos Slim Helu's four-year tenure as the richest man in the world. The net worth of the Microsoft founder and philanthropist soared to $76 billion in 2013,...
03/03/14 09:29 AM
TOKYO — The Tokyo bitcoin exchange that filed for bankruptcy protection blamed theft through hacking for its losses Monday, and said it was looking into a criminal complaint. In an announcement posted on the Mt. Gox exchange's website, CEO Mark Karpeles outlined the events that resulted in...
By Associated Press | 03/03/14 09:26 AM
U.S. manufacturing activity expanded more quickly last month as companies received more orders and boosted their stockpiles. But a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.
By Associated Press | 03/03/14 09:05 AM
Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia's advance into Ukraine.
By Martin Crutsinger | 03/03/14 08:35 AM
Americans spent more in January, but the increase came from a surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined.
By Joseph Lawler | 03/03/14 07:51 AM
A jam-packed week for economics-related news in Washington is threatened by Winter Storm Titan, which is bearing down on the Mid-Atlantic region. Here’s what’s on the schedule: House budget Committee Chairman Paul Ryan, R-Wisc., is scheduled to publish a report Monday criticizing the U.S....
By Sardul Singh Minhas | 03/01/14 07:22 PM
India is an important natural ally of the United States, with shared roots in democracy and an ongoing turn toward a free-market economy. It will also be an increasingly powerful -- India is projected by HSBC Bank to have the world’s third-largest economy in 2050. But India is at...
By Associated Press | 03/01/14 01:37 PM
The Wisconsin state Senate is scheduled to vote Tuesday on Gov. Scott Walker's proposed property and income tax cut plan.
By Associated Press | 03/01/14 01:19 PM
President Obama is challenging Congress to help him create jobs and rebuild the nation's infrastructure.
02/28/14 07:36 PM
Rickard WASHINGTON (Legal Newsline) – Securities class actions lawsuits do nothing to help the investors who are seeking recovery, a new study released by Navigant Consulting shows. The study, which was commissioned by the U.S. Chamber Institute for Legal Reform, says the lawsuits cost...
By Joseph Lawler | 02/28/14 04:08 PM
One of the Federal Reserve system's top advocates of looser money is calling for the Fed to continue easing even if inflation rises. Charles Evans, the president of the Federal Reserve Bank of Chicago, said at a meeting in New York Friday that the Fed to "do more" to boost the economy and let...
By Joseph Lawler | 02/28/14 12:41 PM
Benjamin Landy for the Century Foundation: This year, about 3 million students will graduate from high school. Of the 2 million who go on to attend college, more than 1.5 million will take the SAT. And, as usual, colleges will lean heavily on the results to assemble America's next educational...
02/28/14 12:15 PM
MUMBAI, India (AP) — World stock markets rose Friday, boosted by a strong performance on Wall Street, where the S&P 500 index was on track to close at another record high. Investors looked past a downward revision to the U.S. economic growth rate in the fourth quarter, to 2.4 percent from 3.2...
By Joseph Lawler | 02/28/14 09:15 AM
The difference was mostly reductions in the Bureau of Economic Analysis' estimates of consumer spending, business inventories added, government outlays, and exports. Business investment was marked up.
By Paul Bedard | 03/06/14
By Paul Bedard | 03/06/14
By Washington Examiner | 03/05/14
By Joel Gehrke | 03/06/14
By Byron York | 03/06/14