| Aug 14, 2013
| 8:29 AM
The Eurozone, which has struggled with a debt crisis and a prolonged recession, saw its economy expand for the first time in 18 months, according to figures released Wednesday.
Eurostat, the European Union’s statistical agency, said the...
| Oct 7, 2013
| 11:40 AM
Most Americans may be sleeping through the government's fiscal stalemate, figuring that events like a debt default won't have much impact on them.
That's panicking market-watchers.
Over the last few days, analysis of the effect of a default...
| Sep 17, 2013
| 9:35 AM
WASHINGTON – The federal deficit has shrunk to its lowest level since 2008, when President Obama won election at the start of the Great Recession, and is on track to decline even more thanks to an improving economy, higher taxes on the wealthy and...
| Jun 11, 2013
| 7:51 PM
The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency.
That's what's prevented lawmakers from dealing with their real task, which is...
| Jun 5, 2013
| 1:00 AM
The country's tepid growth in its gross domestic product isn't creating enough good jobs to build a strong middle class, according to a UCLA report released Wednesday.
"Growth in GDP has been positive, but not exceptional," UCLA economists wrote in...
| Oct 9, 2012
| 10:32 AM
France approves the European treaty to limit public spending, a key element in Europe's strategy to combat its debt crisis. Critics say that it will enshrine austerity into French law....
| Oct 11, 2012
| 6:18 PM
Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the...
| Mar 6, 2013
| 5:00 AM
You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?"
The joke needs...
| Nov 15, 2012
| 8:29 AM
The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter.
In the second quarter, the currency collective tightened 0.2%,...