WASHINGTON (AP) — U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip. The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was […]
WASHINGTON (AP) — The U.S. government started the first month of the 2014 budget year with a $91.6 billion deficit, signaling further improvement in the nation’s finances at a time when lawmakers are wrestling to reach a deal that would keep the government open past January. The Treasury Department said Wednesday that the deficit in […]
Former vice presidential candidate Sarah Palin popped up at an event in Iowa and compared the federal debt to slavery. “Our free stuff today is being paid for by taking money from our children and borrowing from China,” she said at the Iowa Faith & Freedom Coalition’s fall fundraiser at the State Fairgrounds Saturday night. […]
The stock market was whipsawed Tuesday as the on-again, off-again talk of a debt deal in Washington made investors wonder just how pessimistic they should be. Stocks were flat or down all day, but the size of the losses waxed and waned depending on which politician was giving a press conference. The market closed with […]
WASHINGTON (AP) — The United States braced for a partial government shutdown Tuesday that no one in the seat of democracy seems to want or believes is good for the country, yet the only point of agreement in Washington is that the other political party is to blame. If the midnight Monday deadline passes without […]
WASHINGTON (AP) — Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggests the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround. Poverty is on the rise in single-mother families. More people […]
WASHINGTON (AP) — President Barack Obama is marking the fifth anniversary of the Lehman Brothers collapse by trying to lay claim to an economic turnaround and warning Republicans against moves that he contends would risk a backslide. His message to the GOP: Don’t oppose raising the nation’s debt limit, don’t threaten to close down the […]
WASHINGTON (AP) — The number of Americans seeking unemployment benefits remained near the lowest level in more than five years last week, a sign that companies are cutting few jobs. First-time applications for benefits fell 6,000 to a seasonally adjusted 331,000, the Labor Department said Thursday. The four week average, a less volatile measure, inched […]
A sobering report released last weekend states that the economic disparity between Blacks and Whites has virtually remained the same for the past 50 years.…
Mellody Hobson talks about how to let our kids spread their wings and fly financially on today’s “Money Mondays” segment. According to the Pew Research Center, nearly half of middle-aged adults gave financial support to a grown child last year. Half. You can blame it on the sluggish economy or the rough job market or […]
President Barack Obama‘s (pictured) “Better Bargain for the Middle Class” plan introduction kicked off this week in grand fashion, causing a stir within the beltway…
WASHINGTON (AP) — U.S. employers are sending a message of confidence in the economy — hiring more workers, raising pay and making the job market appear strong enough for the Federal Reserve to slow its bond purchases as early as September. The economy gained a robust 195,000 jobs in June and many more in April […]
