How Badly Will the Shutdown Hurt the U.S. Economy?
It’ll hurt. But the debt ceiling could be the real disaster
It’ll hurt. But the debt ceiling could be the real disaster
It’s no secret that many Americans are struggling to save enough for their retirement. Once upon a time, it was common for employers to bear the responsibility for worker’s well being after retirement through defined-benefit pensions. Today, if a worker is lucky, he will have the opportunity to invest in a 401(k) plan, usually with his …
Post updated on September 20th at 2:00pm.
A computer glitch at the Treasury Market blocked Goldman Sachs from bidding on part of $30 billion worth of 3-month, U.S. government debt, reports The Wall Street Journal.
This week the Securities and Exchange Commission announced a rule proposal that would require companies to disclose the median salary of their workers and show how that compares to how much its CEO makes. And Corporate America …
In one of the most anticipated announcements in months, the Federal Reserve’s Federal Open Market Committee declared that it would maintain its policy of buying $85 billion in government debt and mortgage backed securities per month, despite expectations that it would begin to taper these purchases in response to an improving …
The Federal Reserve concludes a meeting of the Federal Open Market Committee later today, and markets are anxiously awaiting what the committee will decide with regards to the central bank’s monthly purchases of $85 billion in …
Here are five things everybody should know about the next head of the Federal Reserve
Dell Shareholders voted today to allow the firm’s founder, Michael Dell, to take the company private with help from private equity firm Silver Lake Partners in a $24.9 billion leveraged buyout.
The deal marks the culmination …
The city council of Richmond, Calif., has voted 4-3 to proceed with a plan to use eminent domain to buy up underwater mortgages at deep discounts and give homeowners a new, cheaper loan that would have lower monthly payments and decrease the chance that the home will be foreclosed upon.
In addition, Richmond has agreed to help other …
The Labor Department announced this morning that the American economy added 169,000 jobs in August and that the unemployment remained steady at 7.3%. In addition, it revised job gains in June and July downwards a total of 74,000 …
Washington D.C. Mayor Vincent Gray is uncomfortably nestled between a rock and a hard place. Last Friday, the D.C. council sent a bill (The Large Retailer Accountability Act of 2013) to the mayor’s desk that would require large retailers like Walmart and Target to pay its workers a “living wage” of $12.50 per hour — significantly higher …