Of the proposals in President Obama’s State of the Union address, the one that’s perhaps getting the most attention is his push to have the federal minimum wage raised from $7.25 to $9.00 per hour. There are many reasons for …
It should come as no surprise that President Obama began last night’s State of the Union address discussing both the economy and federal government finances. After all, much of the debate in Washington has been focused on the …
Conservative columnist George Will and liberal Ohio Senator Sherrod Brown don’t agree on much. So it was a little strange to see Will publish an article last week praising Brown’s legislative efforts to shrink America’s largest banks in order to remove any systemic threat that their failure might pose to the U.S. economy. But Will is not …
Most of the time, court cases are manna for journalists. The politicians and corporations we cover aren’t in the habit of dishing out information they don’t want the public to know. But along comes a lawsuit, and the parties are …
The debate over federal government deficits and debt has consumed Washington for some time, but the arguments for the most part have focused on taxes and spending. One aspect, however, of the debate of American creditworthiness that doesn’t get discussed is what assets the federal government owns. After all, a borrower’s assets …
The labor market continued its dogged march forward in January, with the federal government announcing that the U.S. economy added 157,000 jobs in January, and that the unemployment rate basically held steady at 7.9%. This was …
The American public (or at least those of us who keep up on the latest macroeconomic data) awoke to some startling news this morning: According to initial estimates from the Commerce Department the American economy actually …
Washington’s focus has shifted to immigration reform this week as a bipartisan group of Senators put forward a comprehensive plan on Monday and President Obama followed with a proposal of his own yesterday. The debate thus far …
When President Obama nominated former U.S. Attorney Mary Jo White to be the next Chairman of the Securities and Exchange Commission (SEC), the reaction was generally positive. White will be the first prosecutor to head the …
We’re once again in the thick of earnings season and not only are U.S. companies reporting solid profits, but many large, multinational firms are also disclosing big cash stockpiles, especially at their foreign subsidiaries
One of the great economic success stories of 2012 was that the housing market finally found a bottom, and even began to show signs of a nascent recovery. But even as positive data on the real estate market began to trickle in …
Bill Simon, president and CEO of Walmart U.S., made a big splash yesterday when he announced two new initiatives the firm will launch this year: One focusing on putting returning veterans to work, with a promise to hire 100,000 …
