Economy - Most Recent


How state pension funds affect the rest of the state and government

May 19, 2011
Many state budgets are in trouble, and pension funds could be taking a hit. We consider the impact.

U.S. Postal Service announces $2.2 billion in losses

May 17, 2011
The U.S.P.S. is warning that it will become insolvent unless Congress takes action. The institution has lost $20 billion since 2007.

Georgia's new immigration bill might influence what state farmers can grow

May 17, 2011
Traditional Georgia crops like peaches and vidalia onions may be a lot harder to farm once an Arizona-style immigration bill goes into effect in the Peach State.
Posted In: Immigration

U.S. hit debt limit today

May 16, 2011
The government can't legally borrow anymore, so it is staving off default by tapping into federal pension funds.

U.S. dips into pension funds as it hits debt limit

May 16, 2011
The U.S. Treasury is tapping into federal pension funds to free up borrowing capacity as the nation hits the $14.3 trillion legal debt limit. Washington Post's Ezra Klein explains.

Treasury strives to avoid U.S. debt default

May 16, 2011
As the default deadline looms ahead in early August, the U.S. Treasury is moving money around in federal accounts to keep paying bills.

Deadline to raise debt ceiling today

May 16, 2011
With the U.S. government reaching its legal borrowing limit on today, Fortune Magazine's Allan Sloan explains what an impact that could have on Americans.

Uncertainty in regulatory leadership strains financial overhauls

May 13, 2011
New York Times reporter Binyamin Appelbaum explains how vacancies at the heads of financial regulatory agencies could impede overhaul implementation.

A tale of two entitlements

May 13, 2011
The annual report on the health of Social Security and Medicare will update last year's predictions: that Medicare will run out of money by 2029 and Social Security will run out of money in 2037.

Budget trigger explained

May 10, 2011
Most budget-cutting proposals out there say if Congress can't cut the deficit, spending cuts and tax increases kick in automatically.