Economy - Most Recent

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Payroll tax cut extension deal could come soon

Feb 14, 2012
After much disagreement, it looks as though House Republicans and Democrats might soon agree to extend the payroll tax cuts, which put a little extra money into our wallets each month.
Posted In: Washington D.C., Unemployment, politics, payroll tax

January retail sales lower than expected

Feb 14, 2012
The government said this morning that retail sales inched up 0.4 percent last month. That was lower than expected.
Posted In: retail sales, Retail, consumer

Volcker Rule aims for fewer risks in the market

Feb 14, 2012
There's renewed debate today about the so-called "Volcker Rule." It's part of the Dodd-Frank Wall Street reform passed two years ago. Basically, the Volcker Rule says banks should take fewer risks in the market.
Posted In: Volcker Rule, Paul Volcker, Banks

PODCAST: Retail sales and valentine hearts

Feb 14, 2012
Two former Bear Stearns executives accused of misleading investors about the quality of risky mortgages have settled with the federal government. Waffle House is transforming more than a hundred restaurants into Valentine wonderlands. President Obama is meeting today with Chinese Vice President Xi Jinping, who is expected to be the next president of China. And some experts are looking to Zynga's earnings to help predict how Facebook will fare in the coming months.

What California hopes to get from China

Feb 14, 2012
Los Angeles is on the agenda for Chinese Vice President Xi Jinping's U.S. visit. California and China have multiple ties, and this visit could set a standard for future negotiations.
Posted In: China, Xi Jinping, california

$5-per-gallon gas?

Feb 14, 2012
It's only February and gas prices are already on the rise. At the current trajectory, summer could bring record highs at the pump.
Posted In: gas prices

Fighting the holiday-shopping hangover

Feb 14, 2012
According to the Census Bureau, retail sales growth in January was about half what was expected.
Posted In: U.S. Census Bureau, retail sales

Instability in Greece likely to continue

Feb 13, 2012
Who has more to lose in the ongoing crisis in Europe -- Greece, or its lenders, like Germany?
Posted In: Greece, Europe debt crisis

PODCAST: Cleaning up Greece, crying for Adele

Feb 13, 2012
President Obama will announce his proposed budget for 2013 today, and it is expected to include a lot of infrastructure spending. In Greece, big budget cuts were passed over the weekend -- but how do the new minimum wage requirements and public sector job cuts there compare to the U.S.? And we take a closer look at the world of natural gas through the eyes of an energy company CEO.

General Electric adding jobs for military veterans

Feb 13, 2012
General Electric plans to hire 5,000 veterans over the next five years. But vets are still challenged to find jobs in today's workforce.
Posted In: Unemployment, military

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