Economy Topics

Democracy Now! stories, posts and pages that relate to Economy

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  • Us_debt_vote_button
    After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted 269 to 161 in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count showed 174 Republican ayes, with Democrats split evenly—95 on each side. The vote came just hours before a Department of Treasury deadline that potentially would have seen the United States run out of cash and default for the first time...
    Aug 02, 2011 | Story
  • Us_debt
    President Obama and Republican House Speaker John Boehner are allegedly close to a $3 trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But the deal is coming under fire from both congressional Democrats and Republicans. Part of it calls for lowering personal and corporate income tax rates, while eliminating or reducing an array of popular tax breaks, such as the deduction for home...
    Jul 22, 2011 | Story
  • Play_economy_debt_age_of_greed
    Discussion on a deficit reduction deal has stalled after five consecutive days of negotiations between Republicans and Democrats. In order to borrow beyond August 2, the United States must raise its $14.3 trillion debt ceiling. This week, Standard & Poor’s became the second of the major credit rating agencies to place U.S. debt under review, citing an increasing risk of a payment default. Republicans are pushing for massive spending...
    Jul 15, 2011 | Story
  • Greece
    As our broadcast went to air, lawmakers in Greece were voting on — and later approved — a new round of sweeping austerity measures amidst a general strike that’s brought tens of thousands into the streets. Riot police have fired volleys of tear gas, smoke bombs and stun grenades in a bid to clear the masses of Greek protesters surrounding the parliament in Athens. The chaotic standoff began Tuesday when police stormed the adjacent Syntagma...
    Jun 29, 2011 | Story
  • Weisbrot
    The Greek parliament was set to approve a $40 billion package of spending cuts, tax increases and privatizations as a condition for a massive bailout to avert the eurozone’s first default. Without a new plan in place, the European Union and International Monetary Fund said they would withhold 12 billion euros of loans, which Greece needs to repay debts due in mid-July. Meanwhile, French Finance Minister Christine Lagarde has been named the new...
    Jun 29, 2011 | Story
  • In New York City, activists are camping out near City Hall to protest budget cuts and layoffs. They’ve dubbed the encampment "Bloombergville."
    Jun 24, 2011 | Web Exclusive
  • Button_4
    The City of Orlando, the home of Disney World in Florida, is being sued in court today over a city law that has effectively made it illegal for any group to feed more than 25 people at a time in downtown parks without a permit. It also limits groups to no more than two permits per park, per year. The group Food Not Bombs has refused to obey the new law—saying food is a right, not a privilege—and has continued to serve free meals to the poor...
    Jun 24, 2011 | Story
  • Kitty_piercy_button
    Mayors from cities nationwide have endorsed a resolution calling on Congress to end funding for the wars in Iraq and Afghanistan and instead spend the money at home. The measure from the U.S. Conference of Mayors was drafted and pushed through by the activist group CodePink. We speak with the resolution’s sponsor, Kitty Piercy, mayor of Eugene, Oregon. [includes rush transcript]
    Jun 23, 2011 | Story
  • Athens_button
    Greece was rocked Wednesday by massive street protests and a strike of millions of workers against the government’s austerity plans. In response, embattled Greek Prime Minister George Papandreou announced he will reshuffle his cabinet to try to achieve consensus on how to address the country’s crippling debt crisis. The new austerity package for Greece includes $9.4 billion in tax hikes, doubling past measures agreed to with bailout...
    Jun 16, 2011 | Story
  • Obama_button
    On Tuesday, President Obama became the first sitting U.S. president to visit Puerto Rico in a half century. His trip underscored the growing importance that Puerto Ricans will play in the 2012 U.S. elections. Although Puerto Ricans living on the island cannot vote for president, there are about 4.6 million Puerto Ricans living in the 50 states, including an estimated 857,000 in the battleground state of Florida. We speak with University of Puerto...
    Jun 15, 2011 | Story