If the U.S. can’t resolve its looming budget problems, the fallout could plunge the entire world economy into a chasm
Economist Kenneth Rogoff says we shouldn’t call what happened to America in 2008 and 2009 a “Great Recession,” because it understates the true nature of the crisis. Recessions are frequent events from which we can quickly …
We’re becoming Europe. At least, that’s what a long line of U.S. birth-rate figures seems to being telling us. And that’s bad news for the future of the country.
New data give support to those who believe the U.S. economy is already contracting.
The economy may well be able to continue growing and avoid another slump, but the recovery is unlikely to gain much momentum in 2013.
Travelers around the world say they’ll spend more money on vacations this year than last. But it’s a different story in the U.S.
State and local borrowing amounts to only a fraction of the national debt, but while the scale may be smaller, the financial crises are much, much closer.
It’s unlikely that most families will be able to make up for lost time after a 21-year period in which growth in their net worth has averaged out to less than nothing. However, some analysts are clinging to misconceptions that …
The deficit needs to be trimmed, but not at the risk of austerity policies that could cause another recession — and the real long-term problem is entitlements
Corporate charitable giving is down. But three trends are making it easier for individuals to get the most out of their employer when it comes to personal philanthropy.
For the first time in almost a year, the unemployment rate rose to 8.2% in May as the economic recovery appeared to not only slow but almost completely stall. And it gets worse.
After the recession, many Americans began cutting back and slowly chipping away at their household debt. Unfortunately, this noble effort seems to have tapered off, according to a new University of Michigan study. In fact, according to the study, one in every five households now owes more in credit cards, medical bills, student loans and …