By Joseph Lawler | 07/30/14 02:43 PM
The Federal Reserve continued cutting its monthly bond purchases Wednesday, bringing the monetary stimulus program within months of its end.
By Joseph Lawler | 07/30/14 11:56 AM
Last year's government shutdown coincided with the strongest economic growth of the economic recovery, data released by the Bureau of Economic Analysis Wednesday show.
By Joseph Lawler | 07/30/14 10:08 AM
U.S. economic growth accelerated in the second quarter, the Bureau of Economic Analysis reported Wednesday morning. Real GDP grew at a 4 percent annual rate, beating analysts' expectations and marking a sharp swing back toward economic expansion after the first quarter's contraction.
By Joseph Lawler | 07/28/14 07:02 PM
The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.
By Joseph Lawler | 07/28/14 02:35 PM
The Social Security disability trust fund is only two years away from exhaustion, Social Security's Board of Trustees announced Monday, while saying that Medicare's finances appear to have strengthened, thanks to slowing growth in the cost of health care.
By Joseph Lawler | 07/28/14 07:46 AM
For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.
By Joseph Lawler | 07/25/14 12:58 PM
There's new evidence that the huge number of Americans counted as long-term unemployed has been dropping in recent months because those people have been finding jobs, not because they've given up looking.
By Joseph Lawler | 07/21/14 04:12 PM
With inadequate housing or shelter options, many homeless people are forced to live out of doors and in public places.
By Joseph Lawler | 07/24/14 02:52 PM
Led by brewpubs and microbreweries, the number of U.S. breweries has doubled since 2007 to roughly 3,000, according to the Brewers Association, with hundreds more under construction.
By Joseph Lawler | 07/24/14 06:48 PM
President Obama placed the blame for the recent rush of U.S. companies to overseas tax jurisdictions squarely on congressional inaction Thursday, saying that "Congress is just not productive."
By Joseph Lawler | 07/24/14 12:41 PM
Those expecting the housing market to adjust to last year's steep increase in mortgage rates and resume recovering from the mortgage crisis will have to wait longer for clarity.
By Joseph Lawler | 07/23/14 05:39 PM
Appearing Wednesday before the House Financial Services Committee he used to head, former Rep. Barney Frank, the architect of the 2010 Dodd-Frank financial reform law, dismissed the idea of reinstating Glass-Steagall, the Depression-era law that split investment banks from commercial banks that...
By Joseph Lawler | 07/23/14 11:27 AM
An outgoing commissioner of the regulatory agency that oversees derivatives contracts will become the CEO of the International Swaps and Derivatives Association, a trade group for firms that engage in derivatives transactions, according to a statement from the ISDA Wednesday.
By Joseph Lawler | 07/22/14 10:58 AM
Consumer inflation held steady at 2.1 percent yearly in June, the Bureau of Labor Statistics reported Tuesday morning.
By Joseph Lawler | 07/21/14 08:17 AM
Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give you a...
By Noemie Emery | 07/29/14
By Ashe Schow | 07/29/14
By Paul Bedard | 07/29/14
By Philip Klein | 07/28/14