Over 47 million Americans saw cuts to their food stamp benefits Nov. 1. The majority of Americans are still recovering from the Great Recession, yet Washington is cutting safety nets. Why? Income inequality, Reich explains.
President Obama's nominee for Fed chief, Janet Yellen, needs to look beyond financial data to create jobs and avoid inflation. The Great Recession showed that economists must also deal with giant lapses in character, even at the Fed.
Stocks closed mostly higher on Wall Street Wednesday as lawmakers appeared to be making moves toward ending a stalemate in Washington. In a move that many investors regarded as a positive for stocks, the White House nominated Federal Reserve Vice Chair Janet Yellen for the top position at the central bank.