The GOP presidential candidate laid out proposals including tax cuts, reduced regulation, and promoting exports through both expanded free trade and a crackdown on China for alleged failures to honor its trade commitments.
The action drew immediate and uncharacteristic plaudits from industry groups — who say the regulation would stifle job growth — and howls from environmentalists.
The economy grew at a rate of 1 percent in the second quarter, slower than first reported. The sluggish growth rate leaves the nation at risk of tipping back into recession.
In a speech Friday in Jackson Hole, Wyo., Fed Chairman Ben Bernanke also said that President Obama and Congress, as well as officials in Europe, need to step up to ensure economic growth.
Mark Trumbull writes for The Christian Science Monitor
Predictions are flowing steadily on Apple’s future. Will the transition from Steve Jobs to his successor hurt the company?
The CBO projected that big reductions in government spending worked out in a deal earlier this month will cut federal budget deficits in half over the next decade.
US deficit strategy should include boosting tax revenue, say a big majority of 250 business economists in the private sector. Their views, per a new survey, are at odds with GOP’s position.
President Obama and his allies are defending the administration from challenges on a faltering recovery.
What’s bothering traders now? The stock market seemed to get hit Thursday by a combination of jitters over the possibility of a banking crisis in Europe and a series of U.S. economic reports that weren’t very good.
For industrialized economies, rising demand is coming at the worst time possible, with governments running out of stimulus options and the prospects for economic growth and job creation looking grim.
The Fed, which has a mandate to keep the economy growing, is sending a message to the unemployed: Don’t expect much improvement in the near future.
To some market observers, the latest decline is merely a “correction,” compared with 1929’s “Black Tuesday” and 1987’s “Black Monday.”
While S&P’s ultimate concern is financial — the prospect that the national debt could expand out of control — the reason for the downgrade was congressional dysfunction.
MasterCard debit and credit card spending was 12 percent higher in July than it was in the same month last year. About 2 percent of the increase in MasterCard spending came from buying gas.
This week’s bipartisan deal in Washington averts a worst-case outcome for financial markets, but it doesn’t remove the risk that the US Treasury will see its credit rating bumped downward soon.
The stock market greeted the news of the debt compromise with a rise that lasted eight minutes. Then, the economic realities intruded with some data indicating that July may have been yet another month of little growth.
Don’t panic and sell all your investments, but don’t have your head in the sand either. In a nutshell, that’s the advice that many financial professionals are giving about handling your finances during the debt ceiling debate.
The head of a major credit-rating firm delivered a “good news, bad news” message Wednesday, telling Congress that the United States needs fiscal reform but might be able to keep its triple-A credit rating.
NEW YORK — All racial groups lost ground in the recession, but blacks and Hispanics lost a bigger share of their net worth, a new study finds. As a result, the wealth gap is at its widest in at least 25 years.
An emergency summit of European leaders resulted in a potential solution to Greek’s debt problems.