Economy - Most Recent

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Do the ratings agencies need a downgrade?

Dec 8, 2011
Europe and the U.S. are both exploring new options for judging the value of debt after increasing threats of downgrade from agencies like S&P and Moody's.
Posted In: ratings agencies, Standard & Poor's, Moody's, downgrade

The danger of relying on ratings agencies

Dec 8, 2011
As economic turmoil continues in Europe, leaders there -- and here in the U.S. -- are weary of the blind reliance on ratings agencies to value debt.
Posted In: Standard & Poor's, ratings agencies, Greek debt

PODCAST: Bigger stockpiles, butter shortage

Dec 8, 2011
Jon Corzine heads to Congress today to answer for the collapse of brokerage firm MF Global. The European Union is looking to the International Monetary Fund for bailout help, and that could have ripple effects in the U.S. Reporter Sally Herships looks at what other businesses can gain from big-box storse like Costco and Walmart. And the countdown to a big European summit is nearing its end.
Posted In: butter, Retail, Oil, Europe debt crisis

Barney Frank on the future of the Consumer Financial Protection Bureau

Dec 8, 2011
The consumer bureau was supposed to be a key part of Congressman Frank's financial reform law, the Dodd-Frank act. He talks about his frustration with Republicans who voted to block the confirmation of a director.
Posted In: Consumer Financial Protection Bureau

The battle over the Consumer Financial Protection Bureau

Dec 7, 2011
Republicans are trying to block the appointment of Richard Cordray as director of the CFPB in preference of a commission; Democrats say it's a fight against consumer protection.
Posted In: Consumer Financial Protection Bureau, Richard Cordray

President Obama takes aim at rising inequality

Dec 7, 2011
Yesterday, the president spoke about the loss of the American dream. But just how much is the middle class really shrinking?
Posted In: middle class, Barack Obama, payroll tax, Washington D.C.

Unemployment rate falls in metro areas

Dec 7, 2011
The unemployment rate in a number of cities fell in November, most notably in the Rust Belt.
Posted In: Unemployment, Rust Belt, midwest, cities

Citigroup announces planned layoffs

Dec 7, 2011
Citigroup is just the latest is a long line of big banks announcing layoffs in recent months.
Posted In: Citigroup, Europe debt crisis

PODCAST: Waiting to exhale on Europe, the CFPB, and payroll tax cuts

Dec 7, 2011
President Obama continues his quest to extend payroll tax cuts, and delivered a big speech on the economy yesterday in Kansas. Republican Presidential Candidate Newt Gingrich is ahead in the polls, but far behind in raising funds for his campaign. The fate of the Consumer Financial Protection Bureau remains unknown, and today the FDA decides whether one drug should be sold over-the-counter.
Posted In: payroll tax, Europe debt crisis

Consumer credit hits two-year high

Dec 7, 2011
The amount of money consumers owe in credit -- excluding mortgages -- grew by $7.7 billion in October, hitting a two-year high.
Posted In: consumer, debt, credit card debt

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