By Michael Barone | 04/17/14 02:32 PM
About one-third of the money in the Obama Democrats' 2009 stimulus program went to state and local governments. The obvious aim was to maintain levels of public sector employment -- and public sector union membership.
04/17/14 02:15 PM
NEW YORK (AP) — Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap stock mutual funds say they've experienced the middle-child syndrome...
04/17/14 12:45 PM
NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during that period. The company said Thursday that...
04/17/14 12:15 PM
Average U.S. rates on fixed mortgages fell for the second straight week as the spring home-buying season begins.
04/17/14 12:15 PM
Stocks are drifting lower on Wall Street in midday trading, led by a decline in the technology sector after Google and IBM reported disappointing earnings. UnitedHealth Group also fell in early trading Thursday after its results also fell short of what investors were expecting. The Standard &...
By Joseph Lawler | 04/17/14 11:20 AM
President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...
By Josh Boak | 04/17/14 07:56 AM
The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
04/16/14 11:45 PM
HONG KONG (AP) — Asian stock markets were mostly lower Thursday, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally. Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left...
04/16/14 05:30 PM
Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. Major U.S. stock indexes notched their third day of gains in a row. Yahoo and Delta Air Lines were among the companies posting big...
By Meghashyam Mali | 04/16/14 05:04 PM
President Obama on Wednesday announced initiatives he said would better train American workers to fill high-skilled jobs, his latest effort to push his economic agenda without Congress.
04/16/14 03:30 PM
WASHINGTON (AP) — A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released...
By Joseph Lawler | 04/16/14 02:29 PM
In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...
04/16/14 02:00 PM
CHARLOTTE, N.C. (AP) — Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges. A LOSS: The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million, compared with a profit of $1.11 billion a year earlier....
By Sean Higgins | 04/16/14 12:13 PM
A study released Tuesday by the Tax Analysis Center found that significantly reducing the corporate tax rate would also boost wages for workers and the economy overall. This could be done on a revenue-neutral basis by reducing the U.S. rate from its current 35 percent to just nine and...
By Timothy P. Carney | 04/16/14 12:05 PM
In this interview with the Wall Street Journal, Charles Murray (an AEI colleague of mine) speaks of "the sense that a lot of Americans have that the game is rigged now," and says, "the problem is, a lot of that is true."
By Mark Tapscott | 04/18/14
By Joel Gehrke | 04/18/14
By Washington Examiner | 04/19/14
By Byron York | 04/19/14
By Sean Higgins | 04/18/14