The US economy has been propped up in part by government stimulus spending, but some of those artificial supports are slated to fall away later this year. The big question is whether the economy can sustain jobs growth on its own.
Personal spending rose 0.3 percent in February, the Commerce Department reported Monday. But US stimulus programs have not managed to boost household incomes.
Unless the US-China trade gap is seriously addressed, some economists say, Obama’s goal of 2 million new trade-related jobs will be unattainable.
President Obama's State of the Union speech proposed a National Export Initiative to generate 2 million jobs from doubling exports over the next five years.
President Obama on Monday urged top bank executives to increase lending to small businesses, citing the government bailouts they received last year.
One possible reason for home sales' decline is a rising backlog of applications, the National Association of Realtors said.
Within the next decade, China will become the world’s largest equities market.
Americans worry anything Washington comes up with will only raise costs.