President Barack Obama will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to avoid the across the board cuts scheduled for March 1.
The Congressional Budget Office says the budget deficit will drop below $1 trillion for the first time in President Barack Obama took office.
Every month when unemployment numbers are released, we are reminded of the awful youth unemployment situation. For January, it's an astounding 13.1% ... and maybe even higher.
Paul Krugman says “death panels and sales taxes” are the way out of the debt crisis. The mantra is at odds with a nation founded on the rights of “life, liberty, and the pursuit of happiness."
Although the jobs reports suggests economic growth and an increase in employment, it's time for us to take a closer look at the temp industry to understand where the jobs are really coming from.
The "Got Milk?" ads synonymous with milk mustaches had a 1-minute-long commercial during the Super Bowl on CBS. The government paid for this commercial without some milk producers' consent.
The Dow Jones hit 14,000 on Friday for the first time in five years. Unfortunately this latest rally has been driven by cheap money more than anything else.
Will the hedge fund billionaire turned retailer wannabe, Edward Lampert, save Sears Holdings? Or, will the company go the way of the Twinkie?