Tomorrow the White House is expected to announce the projected budget deficit will be $100 billion less than originally feared, because people paid way more in taxes than expected. But why? Scott Tong reports.
Comptroller General of the United States David Walker has a warning for new Treasury Secy. Henry Paulson and his boss: Fix current economic policies or we're in for a lot of pain.
The US labor market added 121,000 jobs last month. But that was below analysts' expectations. Meanwhile, wages were up. Could that signal inflation? Bob Moon reports that economists are scratching their heads about what it all means.
New job numbers were up in June, but the improvement was weaker than expected. Stacey Vanek-Smith reports that good news might be seen as bad news by inflation hawks anyway.
Newspapers around the country have recently chronicled the dire economic plight of many black men. Commentator Marcellus Andrews says the issue has less to do with racism and more to do with the nature of our economy.
The Federal Reserve is expected to raise interest rates another quarter-point on Thursday. Fed officials have made it pretty darn clear they intend to stay tough on inflation. Maybe even a little too clear? Amy Scott reports.
The world body that acts as a forum for central banks, the Bank for International Settlements, has called for higher interest rates around the world. Stephen Beard reports.
