U.S. Economy Topics

Economy

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

Newest First | Oldest First
  • Splash_image20120126-23675-1909gh9-0
    In his last State of the Union speech before the November election, President Obama defended his record addressing the financial crisis and called for greater economic fairness. He warned that Wall Street would no longer be allowed to play by its own set of rules. But the bulk of the speech dealt with the economy. We get reaction from Jared Bernstein, former chief economist and economic adviser to Vice President Joe Biden and past member of...
    Jan 25, 2012 | Story
  • Does Obama’s formation of the new task force aimed at investigating the shoddy mortgage-lending practices that contributed to the financial crisis signify a move to more progressive policies, as MoveOn suggests?
    Jan 26, 2012 | Columns & Articles
  • Banking-button
    New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout. The executives’ pay came despite the $500,000 salary cap established under the Troubled Asset Relief Program (TARP). [includes rush transcript]
    Jan 27, 2012 | Story
  • Splash_image20120130-1645-l1rzif-0
    Police have arrested more than 400 Occupy Oakland protesters, as well as a number of journalists, in one of the largest mass arrests since the nationwide Occupy protests began last year. When protesters attempted to convert a vacant building into a community center on Saturday, witnesses say police used tear gas, bean bag projectiles and flash grenades. Several hours later, police said some of the protesters broke into City Hall. However,...
    Jan 30, 2012 | Story
  • Splash_image20120130-18089-1nzuwjp-0
    The National Park Service says it will begin enforcing a ban today on Occupy protesters camping overnight in McPherson Square and Freedom Plaza, two parks near the White House where they have been living since October. Members of the Occupy encampment say they will resist eviction. "We are going to do our best to make sure that they’re protected from what is effectively a criminalization of poverty and a criminalization of...
    Jan 30, 2012 | Story
  • Splash_image20120201-9101-1cuuj3w-0
    As homeowners across the nation struggle to keep up with mortgage payments—and in the worse cases face foreclosure—a new investigation reveals that taxpayer-owned mortgage giant, Freddie Mac, made multi-billion-dollar investments that profited if borrowers stayed stuck in high-interest mortgages. Freddie Mac began increasing these investments dramatically in late 2010, at the same time it was making it harder for homeowners to get out of such...
    Jan 31, 2012 | Story
  • Splash_image20120201-19599-agzqp6-0
    As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high-interest mortgages, we speak with Arturo de los Santos, a U.S. Marine veteran who was evicted last year in Riverside, California, after Freddie Mac and JPMorgan Chase foreclosed on his house last June. "We were trying to get the bank’s attention to review our case again. We couldn’t...
    Jan 31, 2012 | Story
  • After winning big in Florida, Republican presidential candidate Mitt Romney told CNN’s Soledad O’Brien who he wants to represent. “You could choose where to focus, you could focus on the rich, that’s not my focus. You could focus on the very poor, that’s not my focus. My focus is on middle-income Americans.” Of the very rich, Romney assures us, “They’re doing just fine.” With an estimated personal wealth of $250 million, Romney should know.
    Feb 02, 2012 | Columns & Articles
  • Splash_image20120210-19377-1l7xwza-0
    The U.S. Justice Department has unveiled a record mortgage settlement with the nation’s five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation’s economy. While the deal is being described as a $25 billion settlement, the banks will only have to pay out a total of $5 billion in cash between them. We speak to one of the settlement’s...
    Feb 10, 2012 | Story
  • Splash_image20120215-11465-1fvy1zp-0
    Today marks the first anniversary of the Wisconsin uprising that erupted after Republican Gov. Scott Walker announced plans to eliminate almost all collective bargaining rights for most public workers, as well as slash their pay and benefits. Now, one year later, Walker is in the midst of a recall effort and faces an investigation for campaign corruption. "People have begun to recognize that they shouldn’t just wait for...
    Feb 15, 2012 | Story