No, it’s not a new plague. Rather, it’s a little-known economics thesis that explains why uneven productivity gains in different sectors can have a huge impact on everything from consumer spending to government deficits. The la…
The deficit grew to a higher-than-expected $150.4 billion in November as government spending increased for the month. But November brought some bright spots as well: Federal revenue also grew at a higher rate in November, which…
Nearly half of Americans in a recent poll believe China has surpassed America as having the strongest economy in the world, and more than half blame outsourcing and the loss of manufacturing jobs for the shift.
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President Obama’s blue-ribbon, bipartisan panel proposed today perhaps the most sweeping spending cuts in U.S. history to prevent the federal budget from careening off a fiscal cliff into never-ending debt. Here’s the commissio…
President Obama’s blue-ribbon, bipartisan panel proposed today perhaps the most sweeping spending cuts in U.S. history to prevent the federal budget from careening off a fiscal cliff into never-ending debt. Here’s the commissio…