| Oct 20, 2013
It is difficult to explain the recent government shutdown to citizens of other nations. In most of the world's democracies, this kind of disruption can't happen. Rules are in place to keep the government running even if a new budget isn't passed on time....
| Oct 21, 2013
| 7:00 AM
WASHINGTON -- A top Federal Reserve policymaker said Monday the central bank was unlikely to start reducing a key stimulus program for "a few months" because the partial government shutdown has muddied the economic picture.
Charles Evans, president of...
| Oct 22, 2013
WASHINGTON — A top Federal Reserve policymaker said the central bank was unlikely to start reducing a key stimulus program for "a few months" because the partial government shutdown has muddied the economic picture.
Charles Evans, president of the...
| Oct 23, 2013
Imagine a future in which real wages for most workers decline year after year; a future in which middle-class jobs that disappeared in the Great Recession won't be coming back; a future in which young Americans either squeeze into an increasingly...
| Oct 28, 2013
Fed Chairman Ben S. Bernanke could not have been more precise about the projected cutbacks in the monthly $85-billion bond-buying program. He said in December that the Fed would continue the program until the national unemployment rate fell to 6.5%. And...
| Oct 24, 2013
| 8:10 AM
We'll be seeing lots more data like these, but the White House Council of Economic Advisers is reporting that the government shutdown took a huge bite out of economic growth--and that the impact will linger.
The chart above shows the effect on economic...
| Oct 25, 2013
| 1:37 PM
JOHANNESBURG, South Africa -- Brand South Africa, the body charged with marketing the nation abroad, has had a tough month.
The International Monetary Fund on Oct. 1 downgraded its growth forecast for South Africa and called on the government to take...
| Jul 31, 2013
| 6:11 AM
WASHINGTON -- Economic growth unexpectedly picked up in the second quarter of the year, expanding at a still-sluggish 1.7% annual rate, the Commerce Department said Wednesday.
The figure was a significant improvement over the 1.1% growth rate in the...
| Aug 2, 2013
| 8:55 AM
The U.S. economy added 162,000 jobs in July -- led by hiring in restaurants and retail stores.
Economists had been projecting higher growth based on encouraging economic indicators showing that housing is rebounding quickly, consumer confidence is...
| Aug 2, 2013
| 2:31 PM
Do free-market capitalists need to rethink their position on organized labor? Henry Blodget thinks so. In fact, Blodget wrote Friday, the country may need unions to help the economy grow faster.
Blodget -- a stock analyst who left Wall...
| Aug 7, 2013
| 7:28 AM
WASHINGTON -- The Bank of England on Wednesday said it would maintain its stimulus program until the unemployment rate falls to 7%, following the same strategy as the U.S. Federal Reserve in providing an explicit target for when it would raise interest...