Economy - Most Recent

Pages

Does the president actually influence the economy?

Mar 7, 2012
Believe it or not, there's nearly no relationship between the U.S. president and the economy, no matter who it is.
Posted In: president

Legalize drugs? VP Biden says no.

Mar 6, 2012
In Mexico, Vice President Biden signals the administration is not open to changing drug policy.
Posted In: drugs, war on drugs, Biden, South America

Gas prices drop slightly, but could still rise

Mar 6, 2012
The national average for a gallon of gasoline dipped today after about a month of steady increases. At the same time, tension with Iran could push those back up.
Posted In: gas, Oil, Unemployment

PODCAST: The Oreo's centennial, gas prices (slightly) lower

Mar 6, 2012
Super Tuesday is upon us, but even candidates who are cash-rich thanks to super PACs weren't able to get on the ballot in some states. NFL investigators met yesterday with a former New Orleans Saints defensive coordinator, who has apologized for running a bounty scheme that rewarded players for injuring opponents. China's announcement that its economy will have slower days ahead set global markets into a tizzy yesterday; investors are now worried dark days are ahead for everyone else, too.

U.S. homeowners to get a few new lifelines

Mar 6, 2012
President Obama reportedly plans to announce some new help for hurting homeowners. There's word one part of the plan would make it cheaper to refinance mortgages insured by the Federal Housing Administration.
Posted In: homeowner, Federal Housing Administration, mortgage, Housing

President Obama hopes to boost IRS budget, tax revenue

Mar 5, 2012
We're less than six weeks away from tax day, and this year the IRS is gonna have to do more with less when it comes to processing all those returns. President Obama hopes to change that.
Posted In: Taxes, IRS, federal budget

Chinese government lowers growth forecast for year

Mar 5, 2012
In China today, the government lowered the country's growth forecast for the year to 7.5 percent. That's the first target under 8 percent since 2005.
Posted In: China, economic growth

PODCAST: China's predicted growth, BP's big settlement

Mar 5, 2012
President Obama has proposed giving the IRS an 8 percent budget boost in the hopes of bringing in more revenue to the government. We're just a day away from Super Tuesday, when voters in 10 states will choose who they want the Republican presidential nominee to be. The city of St. Louis is trying to get control of its police department back from the state of Missouri. And today, the L.A. Times will follow in the footsteps of the New York Times and Wall Street Journal by starting to charge to access some of the paper online.

PODCAST: Full 'throttling,' the rental market boom

Mar 2, 2012
A mild winter in many parts of the country has helped some businesses, like construction, while at the same time hurting others. Senator Tom Harkin of Iowa explains why we should get rid of the dollar bill once and for all. Russians will vote on Sunday in the country's presidential election and late tonight, United and Continental airlines are merging -- their reservation systems.

Gas prices reaching new heights this year

Mar 2, 2012
Yesterday, a report of a pipeline explosion in Saudi Arabia sent oil prices up near a four-year high. The Saudis denied that report, but two things are clear: Oil traders are on edge, and prices remain very high. And obviously, that's trickling right down to the gas tank.
Posted In: gas prices, Oil

Pages