From the Department of Labor today comes more news that this recession will be around for a while: In January alone, 598,000 more Americans lost their jobs, raising the country’s unemployment rate from 7.2 percent to 7.6 percent — the highest tally in 16 years. Since December 2007, 3.6 More…
As Congress debates a roughly $825 billion economic stimulus package, many interest groups want to make sure their pet programs get a piece of the action. The education community is no exception.
Various advocates are urging Congress to use the stimulus to fund universal pre-k, expanded after-school programs, education technology, More…
Another day. Another expansion of the Democrats’ stimulus proposal — and not in ways we might have anticipated.
The House Ways and Means Committee approved its portion of the $825 billion stimulus package Thursday afternoon, including $275 billion in tax cuts.
While the original bill would allow businesses to recover More…
Via Rooflines, the blog of the National Housing Institute, here’s a way to think about using money from the stimulus package to encourage smart growth and transit. It’s courtesy of the National Resources Defense Council, which has created a map with that details 70 communities that could More…
It sure looked last week like allowing bankruptcy judges to modify mortgage loans and keep people in their homes finally was getting somewhere. After two years of opposing any such move, Citigroup announced it was getting on board with the idea, with some limitations. Sen. Charles Schumer (D-N.Y.) praised More…
Has the economy scared you into cutting back on your spending, paying down your credit cards, getting your budget in order? Good for you, but bad for the country’s financial health, the Wall Street Journal points out today. Big-spending Americans have dramatically changed their habits, and economists expect the More…
This is the third part in a three-part series on a new economic stimulus package. For the first part, see “Can Green Industry Save the Economy?”; for the second, see “Building Out of Economic Chaos.”
As Washington policymakers joust over the need for more federal spending to More…
In what might be a preview of a tough partisan battle ahead, the Bush administration’s chief economic adviser said Thursday that the Wall Street bailout (the Troubled Asset Relief Program, or TARP) is “the appropriate” strategy to address the nation’s sputtering economy.
Congressional Democrats are hoping to move a new More…
This is the second part in a three-part series on a new economic stimulus package. For the first part, see “Can Green Industry Save the Economy?”
The nation’s infrastructure is crumbling; its economy is sputtering, and deficits, for the moment, appear no barrier to government spending.
That trifecta, in More…
Democratic leaders, who hope to inject billions more borrowed dollars into the economy before the end of the year, got a little boost from the chairman of the Federal Reserve on Monday.
Appearing before the House Budget Committee, Fed Chairman Ben Bernanke emphasized the importance of the recently enacted $700-billion More…
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