Cutting federal spending in 2011 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure/public works projects it would create many jobs, and achieve great things, like the construction of the Empire State Building in the 1930s and 1 World Trade Center today.
President Barack Obama is pushing for deeper cuts in the U.S. budget that some key Republicans.
House Speaker John Boehner said on Saturday that he will pursue a smaller deficit reduction deal, opting for a $2 trillion goal instead the larger on that the White House is pushing.
The report indicated that all U.S. state obesity rates were below 15% twenty years ago, suggesting that we are doing this to ourselves. Obesity rates have increased by greater than 90% in 10 states and have doubled in seven.
Dismal unemployment figures on Friday complicated efforts to avert a looming U.S. debt default, and a top Republican said negotiators were not close to a deal that would ensure continued borrowing.
Economists at top financial institutions expect the U.S. unemployment rate to fall in 2011 and 2012 despite a surprisingly weak jobs report on Friday, a Reuters poll found on Friday.
The June jobs number was worse than expected but there are other signs that all is not right in the American economy. Here are five warnings signs of trouble.
Aren't Kate Middleton's dresses a bit much?
The June jobs report was horrible. The US economy only added 18,000 jobs, the lowest in 9 months, and the unemployment rate climbed to 9.2 percent.
June's dismal employment figures weigh heavily against President Barack Obama's bid for re-election, if history is any guide.
There's no way to sugarcoat it: the current U.S. job market is a challenging one for recent grads -- for the young and young at heart. But fret not: you can increase the likelihood of finding meaningful employment by following a few important tips.
Minutes after learning of an uptick in unemployment in the month of June, Michelle Bachmann quickly wasted no time in using the report as a barometer on Obama's economic policies.
Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
America faces a lingering unemployment problem after the recession because business needs no longer match the workforce's education, training.
Economists said in consensus America's June jobs numbers would be six times higher than they were. They are idiots.
The U.S. economy is not facing a double-dip recession, but weak job growth is a call to arms for policymakers to take steps to reinvigorate the private sector, a top White House adviser said on Friday.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
The June jobs report came in far worse than expected, raising fears about the health of the economy and the sustainability of any recovery.
U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
The stock market was on fire today after investor confidence increased after two promising reports on the job market were released. The Dow Jones industrial average gained 94 points or 0.7%, closing at 12.720.
It has become a question of when, not if Texas Gov. Rick Perry will announce his 2012 presidential campaign, according to political insiders in Austin.
