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Diane Swonk: Lawmakers nearing the end of debt debates

Jun 16, 2011
Diane Swonk, chief economist with Mesirow Financial, just returned from Washington D.C. where she was meeting with the power players in the debt debate. She says the lawmakers are nearing a preliminary, 'real deal' agreement.

House Republicans tackle the budget

Jun 15, 2011
The House is moving forward on passing spending bills to meet the fiscal year deadline of Oct. 1. Whether its political will is all for naught, though, is yet to be seen.

Postal service industry leaders gather to discuss the future of snail mail

Jun 15, 2011
Last month, the United States Postal Service announced a $2.2 billion loss for the first quarter of 2011. With more and more transactions like bill payments occurring online, what does the future look like for the USPS?

With clock ticking, lawmakers resume debt discussions

Jun 14, 2011
Vice President Joe Biden and congressional negotiators will resume debt reduction discussions today. New faces, such las Fed Chairman Ben Bernanke are joining the talks today in hopes of avoiding a federal default.

Vice President Biden wrestling budget deal

Jun 13, 2011
Joe Biden continues to meet with top lawmakers. With the economy sputtering, more stimulus is now part of the discussion.

NATO in financial trouble

Jun 10, 2011
Defense Secretary Robert Gates said scarce European financial support for NATO risks making the alliance irrelevant.

Educated immigrants now outnumber lower-skilled

Jun 9, 2011
A new report released from the Brookings Institution shows that highly skilled temporary and permanent immigrants in the United States now outnumber lower-skilled ones. Andrey Singer from the Brookings Institution explains.
Posted In: Immigration

China says a U.S. default is 'playing with fire'

Jun 9, 2011
China holds more than $1 trillion of U.S. debt, so today the country has said it hopes the U.S. will take effective steps to improve its fiscal position.

Arizona wildfire could spread to New Mexico

Jun 8, 2011
Disasters, from fires to tornadoes and floods, are smacking states across the country when they don't have the funds to pay for clean up.

Would a short-lived default be that bad?

Jun 8, 2011
Richard DeKaser, economist with the Parthenon Group, explains how a default on U.S. debt would impact the economy.

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