If the government budget follows popular sentiment, education, social security and Medicare are safe. Those are the areas where fewest Americans want to see government spending cuts, according to a Gallup poll released Wednesda…
The Federal Reserve is doling out billions to buy bonds in hopes of keeping interest rates low and stimulating the economy. However, several powerful forces are working against that low-rate strategy, ranging from investor psyc…
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…
If stocks are rising, that should mean the economy is improving. Yet even though the S&P 500 has soared 80% from its March 2009 lows, 70% of Americans don’t believe the recession is over. Which side has a firmer grasp of realit…
Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …