Washington has been borrowing Social Security’s surpluses for decades and issuing IOUs in return. However, the ability to pay those IOUs depends on the Treasury borrowing more money on global bond markets at affordable rates. T…
Is the worst of the Recession behind us? Yes, say the majority of Americans, according to a national poll conducted by Marist College in Poughkeepsie, N.Y.
Continue reading New Poll Suggests More Americans Are …
There’s no way to sugarcoat it: The U.S. job deficit is huge, and it will take years to fix. But investors shouldn’t become too pessimistic. America’s economy has the capacity to adapt and renew itself faster than many folks ex…
Up to now, they survived the downturn with minimal damage. But that’s changing, even as the economy rebounds. Unemployment among people under 25 with a bachelor’s degree is now 9.6% vs. 5% just two years ago.
C…
The U.S. economy has strengthened, but not enough for the government to pare down its bond-buying program, according to the latest Fed minutes. In late 2010, investments rose and the job market improved — but the housing marke…