Economic recovery close to faltering, Federal Reserve chairman says
WASHINGTON — Federal Reserve Chairman Ben Bernanke says the economic recovery “is close to faltering” and the central bank is prepared to take further steps to support it. The economy is growing more...
View ArticleEconomist sees restrained recovery in 2012
CHARLESTON, W.Va. — The U.S. economy will continue to struggle to recover in 2012, buoyed by increased business investment but still overshadowed by a very weak labor market, a Federal Reserve...
View ArticleEconomists say U.S. needs more taxes, spending cuts
NEW YORK — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for...
View ArticleWhite House: Tax increase threat could hurt retailers
In a new report that coincides with Congress' return after the Thanksgiving holiday, the White House says that if lawmakers don't halt the automatic increase in taxes for households earning less than...
View ArticleWhite House: Economic recovery ‘gaining traction’
The White House says the falling unemployment rate is evidence that the economic recovery is "gaining traction."
View ArticleReport: Richest 7% got richer during economic recovery
A new report says the richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of the nation's households.
View ArticleSurvey: Sluggish global economic recovery ahead
A robust recovery for the global economy remains well out of reach.
View ArticleReport suggest US children left behind in economic recovery
A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfare of the nation's economic turnaround.
View ArticleRecent statistics underscore economic recovery’s weakness
The gross domestic product numbers just posted show U.S economic growth at 1.2 percent for the second quarter of 2016, and when added to the numbers for the first quarter, they show anemic 0.9 percent...
View ArticleJob market disconnect raises concerns over economic recovery
The gulf between record job openings and a lack of people taking those jobs is forcing Wall Street to reassess the pace of the economic recovery. Jobs were gutted during the pandemic and employment...
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