Initial claims unexpectedly plunged 27,000 to 451,000, the U.S. Labor Department says. That’s a long shot better than what a Bloomberg survey had forecast: It found initial jobless claims would dip to 470,000.
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Discussing his new economic stimulus program in Ohio, President Barack Obama regained his political swagger and ramped up his criticism of Republican leaders for failing to provide substantive policies that can help the nation’…
Speaking in Cleveland, President Obama laid out the details of his plan to boost the economic recovery: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make c…
The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that’s unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn’t be nearly as hard as it m…
Recognizing that voters are worried about the economy, President Obama is offering an olive branch to his critics with a $50 billion infrastructure plan and a deal to make the R&D tax credit permanent. Conservatives say it’s to…