Category Archives: Economic

Obama in Colorado pushing student loan relief

By doris | Published: October 26, 2011

Full Story at CNN.com (CNN) — President Barack Obama took his economic relief plan on the road to Colorado Wednesday, highlighting new measures designed to help college graduates manage student loan debt. One of the president’s measures will push up the start date for more favorable terms on a special loan repayment program based on [...]

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CNN Poll: 8 in 10 think we’re in a recession

By james | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

Also posted in Budget, Businesses, Debt, Economy, Government, jobs, Money, Presidental, Recession, Unemployment | Leave a comment

Weak growth. Monster debt. Which to tackle first?

By doris | Published: August 25, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — It’s easy to read the latest budget outlook from the Congressional Budget Office as further proof that the United States really needs to get serious about dealing with the national debt. But if that’s all that lawmakers take away, they will have missed a big point. The [...]

Also posted in Budget, Congress, Debt, Lawmakers | Leave a comment

It’s D-day for state budgets

By doris | Published: July 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Despite all the heated rhetoric and the gloomy economic forecasts, most states will start the new fiscal year Friday with budgets in place. But it looks likely that at least three states — Minnesota, Iowa and Massachusetts — could miss the deadline. Lawmakers and governors in several [...]

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Government job cuts hurt cities

By doris | Published: June 27, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Metro economies struggling the most to recover from the Great Recession typically lost government jobs, a new Brookings Institution report found. Fourteen of the 20 metro areas that have performed the worst since the start of the nation’s economic troubles lost government jobs, according to the report, [...]

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Will the Budget Cut Deal Hurt the Economic Recovery?

By doris | Published: April 13, 2011

Full Story at CuriousCapitalist.blogs.time.com Most people seemed to agree that the narrowly avoided government shutdown would have hurt the economy. But the question is whether the budget deal struck to avert the shutdown will hurt the economy more than if Washington had just turned off the lights? The budget deal struck by President Obama and [...]

Also posted in Budget, Government, Recovery, Shutdown | Leave a comment

Budget bills fail in Senate; 11 Dems break with party

By doris | Published: March 9, 2011

Full Story at FirstRead.msnbc.msn.com Carrie Dann writes:The Senate has rejected two competing bills to fund the government until the end of the fiscal year. Eleven lawmakers who caucus with Democrats broke with their party to vote against the Democratic version of the spending bill, which would have made relatively modest cuts to current government funding [...]

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Opinion: Could the U.S. government shut down?

By doris | Published: February 18, 2011

Full Story at CNN.com (CNN) — Could the United States government run out of money, stop paying its creditors worldwide and just shut down? “The strength of the American dollar as a world currency is grounded on the unconditional guarantee by the United States to pay its debts,” said Democratic Senator Dick Durbin. “A default [...]

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Limbaugh calls Obama a ‘jackass’

By doris | Published: October 7, 2010

Full Story at PoliticalTicker.CNN.com (CNN) – Rush Limbaugh criticized President Obama’s economic positions Tuesday during his radio show with some intense rhetoric, even for him. “He’s a jackass, he’s an economic illiterate, he’s an economic ignoramus and that’s being charitable,” Limbaugh said on his popular radio program.

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Recession not over, public says

By doris | Published: September 27, 2010

Full Story at CNN.com Washington (CNN) — Economic experts may believe the recession is over, but try telling that to the public. Seventy-four percent of Americans believe the economy is still in a recession, according to a new CNN/Opinion Research Corporation poll. Only 25 percent think the downturn is over. One-third of Americans say the [...]

Also posted in Blame, Businesses, Economy, jobs, Money, Recession | Leave a comment

Recession officially ended in June 2009

By doris | Published: September 21, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end. But the news is little comfort to the millions of Americans still out of work, underwater on their mortgages or uncertain about the future. The National Bureau [...]

Also posted in Businesses, Money, Recovery, Statements, Unemployment | Leave a comment

The New Revolutionaries

By doris | Published: July 5, 2010

Full Story at Newsweek.com It’s not just the 4th of July holiday that’s raising memories of revolution. The idea of active anti-government resistance, once the province of the fringe or a mere historical parable, is now a common component of the national discourse. If all the voices actively calling for or raising the specter of [...]

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