The current debate is over a budget resolution, a non-binding measure that doesn't require Obama's signature.
Bolstered by a spate of upbeat economic news, President Barack Obama is claiming the upper hand in the budget fight unfolding in Congress, aiming to exploit recent Republican stumbles to give Democrats an advantage despite their status as a weakened minority. But while Obama retains full use of the bully pulpit, his leverage over matters […]
President Barack Obama’s top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers. The White House, in its annual report to Congress, also warns that despite the U.S. relative economic strength, […]
The job market remains a frustrating place for America’s 9 million unemployed — perhaps more so as hiring has accelerated along with job postings. The pace of job growth over the past three months was the fastest in 17 years. The gains spanned nearly every industry, and some employers have finally had to dangle higher […]
The U.S. economy likely grew at a brisk clip in the fourth quarter as lower gasoline prices buoyed consumer spending, in a show of resilience despite a darkening global outlook. Gross domestic product probably expanded at a 3 percent annual pace, according to a Reuters survey of economists. While that would be a step down […]
For most of last year, President Barack Obama tempered his pitch on the economy: It may be improving, he would say, but millions of Americans had yet to benefit from the rebound. But now that caveat is gone, replaced by a bullish new message as Obama marches into his second-to-last year. “American resurgence is real,” […]
President Barack Obama’s approval rating is creeping upward. The economy is growing. And a flurry of aggressive executive actions on domestic and foreign policy have energized the West Wing. Obama’s challenge now is to figure out how to prevent this burst of momentum from being more than just a blip on the radar of his […]
If Hillary Rodham Clinton seeks the White House again, her message on the economy could be an important barometer as she courts fellow Democrats. Members of her party are watching closely how the former secretary of state outlines steps to address income inequality and economic anxieties for middle-class families. Some members of the party’s liberal […]
Just after a midterm election that was driven by voters’ anxiety about the U.S. economy, the government is likely Friday to report the latest strong monthly job gain. Employers are expected to have added 230,000 jobs in October, according to economists surveyed by FactSet. That would be in line with this year’s average monthly gain […]
What will it really take to give America a raise? A lot of well-credentialed policy experts have been writing nonsense about why Americans can’t be paid more. One bogus story is that young people and working moms (whatever happened to working dads?) love the new “flexible” economy of Task-Rabbits working odd jobs. Or they’re Uber […]
The job gains were broad-based and included many higher-paying industries.
U.S. employers added 248,000 jobs in September, a burst of hiring that helped drive down the unemployment rate to 5.9 percent, the lowest since July 2008. The Labor Department report Friday also showed that employers added a combined 69,000 more jobs in July and August than the government had previously estimated. The unemployment rate fell […]