Today, more than 300 economists and policy experts released a letter warning that “the still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the Deficit Commission.”
The group argues that President Obama and Congress should press for legislation More…
If the news about increasing unemployment, the failure of the stimulus to address disproportionate unemployment among African-Americans or the “shovel-ready projects” that have been the least effect part of the stimulus makes you wonder if there really are any short-term solutions to address unemployment More…
President Obama announced his $150 billion job creation initiative on Tuesday, which includes everything from new spending for highway and bridge construction, to small business tax cuts, to retrofitting millions of homes to make them more energy-efficient. It’s the sort of news that probably would have gotten More…
It’s a big day for banks: The Obama administration is expected to unveil new “too big to fail” proposals for dealing with troubled financial giants, Reuters reports. The proposals would “give the government the power to dismantle large financial companies that get into crises.”
The new draft bill is
Here’s a quick wrap-up of today’s health care news.
After a tumultuous week that saw the release of Senate Finance Committee Chairman Max Baucus’ (D-Mont.) long-awaited “Gang of Six” compromise health care reform bill, all eyes turn to gang-member Sen. Olympia Snowe (R-Maine), who is almost certainly the only Republican More…
On ABC’s “This Week” on Sunday, both Paul Krugman and Robert Reich offered far more pessimistic views of the economy than the rosier outlook put forth by Federal Reserve Chairman Ben Bernanke on Friday. Krugman described the economy as languishing in purgatory. Reich explained that the More…
Robert Reich, economist and former Clinton administration labor secretary, doesn’t think much of General Motors expected bankruptcy filing today, as the nation’s largest automaker prepares for a de facto government rescue and takeover. If the United States really wanted to help GM, Reich wrote in an op/ed for More…
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