Throughout the 2000s, much of the expansion in the economy had begun to look suspiciously like borrowing from the future rather than real growth. Debt in the private sector had reached record levels.
The Obama Administration may have to recycle a lot of revenue back to the electricity utilities in states that produce much of their power using coal fired plants.
New research shows that the wealthy tend to spend when offered tax relief, making some question if ending the Bush tax cuts to the wealthiest Americans will hurt the recovery.
Hugmeez could bring comfort during tough economic times. There are plenty of cost-free alternatives to pick up a sour recession mood.
Jobless Americans were eligible for up to 99 weeks of unemployment benefits until early June. President Obama urged Congress to keep them at that record level through November.
While Congress fights over extending unemployment insurance, Americans remain sour on the economy. But a few proposals show promise for encouraging growth.
Audiences are increasingly turning to comedy to ease the recession blues.
Two commercial big banks – Citigroup and Bank of America – reported earnings Friday. Yet their stock prices fell, in part because of a slow business climate in which loan portfolios are shrinking.
The Consumer Price Index declined 0.1 percent last month, following a 0.2 percent fall in May and a 0.1 percent drop in April. This suggests that the Fed hasn't completely removed deflation risks.
The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish their economic and political power.