Economy - Most Recent

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Is the U.S. headed off a fiscal cliff?

Jun 7, 2012
'Fiscal cliff' has been a key phrase being bandied about in economic talks. And with automatic spending cuts set to kick off at the beginning of 2013, the country may be ready to jump.
Posted In: fiscal cliff

PODCAST: Bad tenants and advice to live longer

Jun 6, 2012
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.

San Jose pension vote could set precedent

Jun 5, 2012
Voters in the California city today are considering slashing public employee pensions in a ballot initiative that could set a precedent for other cities.
Posted In: San Jose, pension

Is it time for the U.S. to borrow big?

Jun 5, 2012
Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
Posted In: spain, Europe debt crisis, U.S., interest rates

Mayor of Stockton tries to avoid city bankruptcy

Jun 5, 2012
The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Posted In: california, bankruptcy, Housing, recession

PODCAST: Disney limits junk and cars in Singapore cost more than a house

Jun 5, 2012
The seven leading industrialized nations in the world are holding an emergency conference call today about the fate of the euro and the global slowdown. Voters in Wisconsin decide today whether to recall GOP Gov. Scott Walker. At the E3 video gaming conference this week all eyes are waiting to see how Nintendo, Microsoft and Sony will counter growing competition from mobile gaming. And why do the Obama and Romney campaigns both set $3 as the entry-level donation?

Paycheck Fairness Act voted down

Jun 5, 2012
It may have been more electioneering that legislating, but a Democratic bill to close the pay gap between men and women fell short in the Senate along clear partisan lines.
Posted In: Paycheck Fairness Act, men v. women, paycheck

Fixing the weak U.S. economy requires more long-term policy

Jun 5, 2012
Stanford economist John Taylor, formerly with the Bush administration, discusses what needs to be done to solve the United States' economic problems.
Posted In: global economy, John Taylor, recovery

A global recession: How did we get here?

Jun 4, 2012
Looks like the recession has gone global. We look at some of the factors.
Posted In: global recession

Who are the biggest holders of U.S. debt?

Jun 4, 2012
There's always talk that foreigners -- China, especially -- hold all of our debt, but that isn't true.
Posted In: Treasuries, Federal Reserve

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