Economy - Most Recent


White House budget to give states relief

Feb 9, 2011
President Obama wants to let states suspend billions in interest payments on money borrowed from the federal government to cover unemployment benefits.
Posted In: Jobs

Richard DeKaser: Bernanke defends the bond buying program

Feb 9, 2011
Federal Reserve Chairman Ben Bernanke will defend the Fed's $600 billion bond buying program today when he testifies before the House Budget Committee on Capitol Hill. Jeremy Hobson speaks with economist Richard DeKaser about the expected outcome of today's hearing.
Posted In: The Federal Reserve

U.K.: Wealthy immigrants wanted

Feb 7, 2011
British Prime Minister David Cameron's new immigration rules could cap the number of people from outside Europe who can settle in the country, but the Financial Times newspaper reports the rules could also create a fast track for wealthy immigrants to move to the U.K. Christopher Werth has more.
Posted In: Immigration

Egypt's, Tunisia's economies face similar challenges

Feb 7, 2011
Egypt's banks have opened after a week of closures. But Egypt still faces massive poverty, rising food prices, and high unemployment. The same troubles are present in Tunisia -- where a new transitional government is working to address the country's serious economic problems. From Tunisia, Sabri Ben-Achour reports.

Fed chair says time to cut trillion-dollar budget deficit

Feb 3, 2011
Ben Bernanke said today the deficit threatens the economy. If it isn't slashed, investors in government debt could demand higher interest rates. That could spike the recovery.
Posted In: The Federal Reserve

Mr. Bernanke: What have you done for me lately?

Feb 3, 2011
Federal Reserve chairman Ben Bernanke will take questions from the press today at the National Press Club. The Fed chairman has spoken to the journalists in the past, but formal press conferences by a sitting chairman are not the norm. Scott Tong has more.

Diane Swonk: Ben Bernanke addresses the press

Feb 3, 2011
Federal Reserve Chairman Ben Bernanke speaks with reporters today at the National Press Club, as part of the Fed's effort to improve communication with the public.

Treasury resets debt ceiling to April or May

Feb 2, 2011
Some lawmakers don't want to lift that $14 trillion ceiling. Instead, they say pay interest to holders of government debt. Everyone else could get left holding the bag.

Latin American workers return home

Jan 31, 2011
The global economic crisis dried up jobs in the U.S. and Europe, forcing many Latin American workers to return to their home countries.
Posted In: Immigration, Jobs

Obama wants to snip discretionary spending

Jan 26, 2011
President Obama proposes budget cuts of $400 billion over a decade. Senator Rand Paul proposes cuts of half a trillion in a year. Cutting what's realistic is the issue.