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8:15 AM EDT 8/1/2011
The Debt Deal: Winners and LosersWashington struck a debt-ceiling deal that could also deliver $2.4 trillion in spending cuts over the next 10 years. What we didn't get is any movement on economic stimulus, despite Friday's news that the pace of economic growth slowed in the first half of the year.
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9:00 AM EDT 7/28/2011
White House Goes Graphic: We Didn't Create The Debt Mess!President Obama's national address on the debt and deficit was a clunker. Now the White House is going graphic. Literally. A new chart emailed out by the Administration aims to educate...and place plenty of debt responsibility/blame on the Republicans.
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8:35 AM EDT 7/28/2011
Debt Ceiling Stalemate Raises Risk of Double-Dip RecessionWashington is still in full bicker mode over the debt ceiling, despite Americans weighing in that they very much want a compromise deal. Maybe Wednesday's bad economic news will help focus Congress on a solution.
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8:33 AM EDT 7/27/2011
Top 6 Ways a U.S. Credit Rating Downgrade Could Cost AmericansWhat impact a U.S. credit downgrade could have on our financial lives, from taxes to mortgage rates.
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8:35 AM EDT 7/26/2011
With 2 Sides Far Apart on Debt Ceiling Debate, Wall Street Shrugs (For Now)With the August 2nd deadline for raising the national debt ceiling drawing ominously close, Republicans and Democrats spent Monday moving farther apart. Wall Street has remained patient, but that may not last for long.
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8:54 AM EDT 7/14/2011
Did Republicans Just Force the Fed Into QE3?Senate Minority leader Mitch McConnell floated a plan to basically punt on the debt ceiling by giving the President the ability to raise it without a Congressional vote. But in return there's no real deficit cutting between now and the 2012 elections. That could spell bad news for the economy.
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9:14 AM EDT 7/13/2011
Jobs: The Elephant Being Ignored in Deficit Talks?For all the talk of spending cuts and tax revenue increases tied to the debt and deficit negotiations, you don't get much in the way of specific ideas on what to do about the 14.1 million unemployed Americans and the fact that one of every six Americans is either out of work or stuck making do with a part-time job.
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8:44 AM EDT 7/12/2011
Fed: Consumer Spending Down $7,300 Per Person Since Great Recession BeganA new Fed paper explains why the economy continues to sputter at a too-slow growth pace: Per-person consumer spending has dropped an average of $175 a month since the start of the Great Recession in December 2007.
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10:39 AM EDT 7/8/2011
Latest Jobs Reports: When Will Your City Recover?The latest reports show jobs growing at an alarmingly slow rate in the U.S., with 48 of the largest metro areas in the country not expected to get back to their pre-recession employment levels for at least a decade.
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8:36 AM EDT 7/6/2011
How Obama and Congress Can Really Reduce the DeficitPresident Obama continued to insist that any deficit reduction deal must include raising revenue through higher taxes, not just through cuts in spending.
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