Private-sector jobs, which plummeted in the recession, are at last back to 2008 levels, the Labor Department's jobs report for March shows. But public-sector jobs are down, more people want to work, and average hourly wages haven't budged.
The IRS is tasked with enforcing Obamacare's penalties and policing its subsidies. Problem is, it was already stretched. IRS officials are confident they can handle the load, but it will be tough, experts say.
Janet Yellen and the Fed suggest no rate hike until 2015. And even once the Fed starts moving to raise short-term interest rates, it expects the upward path of rate hikes to be slow, Janet Yellen said.
Under the right conditions, sanctions against individual Russians can be effective over time, experts say. The question, as the US moved Thursday to impose such sanctions amid Russia's Ukraine gambit, is whether such conditions exist.
Global markets are taking the Ukraine crisis in stride so far, mindful of a diplomatic full court press to persuade Russia to step back from its military incursion into Crimea. Will economic fallout be what prompts Russia's Putin to reconsider his stance?
President Obama's budget for fiscal year 2015, released Tuesday, contains good news and not-so-good news. Its forecasts call for falling annual budget deficits, but US debt remains historically high for the long term.