Economy

Obama’s $4 trillion budget: Can it accomplish anything?

Obama’s $4 trillion budget: Can it accomplish anything?

President Barack Obama is unwrapping a nearly $4 trillion budget that gives Democrats an election-year playbook for fortifying the economy and bolstering Americans’ incomes. It also underscores how pressure has faded to launch bold, new attacks on federal deficits. Obama’s 2015 fiscal blueprint, which he is sending Congress Tuesday, was expected to include proposals to […]

Does low inflation hurt the economy?

Does low inflation hurt the economy?

Historically low inflation has taken hold across the developed world, from the United States to Europe to Japan. Economists say super-low inflation has likely slowed growth in those regions, which is why the world’s central banks would like prices to rise. Last year, overall U.S. prices inched up just 1.1 percent, according to the Federal […]

More weak data for America’s troubled economy

More weak data for America’s troubled economy

U.S. homebuilder confidence suffered its largest one-month drop ever in February, heightening concerns that recent signs of weakness in the economy reflect deeper problems than the severe weather that has gripped much of the country. The National Association of Home Builders said on Tuesday its Housing Market Index plunged by 10 points to 46 in […]

Obama’s economic stimulus: Did it work?

Obama’s economic stimulus: Did it work?

President Barack Obama marked the five-year anniversary of a controversial economic stimulus plan by releasing a report on Monday saying that government spending averted a second Great Depression, setting off a new round of partisan debate about the decision. Obama had been in office only a month when he signed the American Recovery and Reinvestment […]

Is job growth really rebounding?

Is job growth really rebounding?

U.S. employment likely rebounded in January after being held back by cold weather the prior month, which would offer assurance that economic growth was not faltering. Nonfarm payrolls are expected to have increased by 185,000 last month, according to a Reuters survey of economists, with the jobless rate seen holding at a five-year low of […]

Debt adds to pressure of stressed-out Americans

Debt adds to pressure of stressed-out Americans

The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations. There are new jobs produced but old worries persisting for people despite belt-tightening and boosted savings, according to an Associated Press-GfK poll. About 46 percent of those surveyed say they’re suffering from debt-related stress, […]