U.S. Economy Topics

Economy

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

Newest First | Oldest First
  • Hartmann
    Tune in Tuesday when we’ll speak with Thom Hartmann Program about his new book, "The Crash of 2016: The Plot to Destroy America—and What We Can Do to Stop It." Read an excerpt from the introduction now.
    Nov 11, 2013 | Web Exclusive
  • John_nichols00
    Election Day was held Tuesday, deciding state and local races across the country. In Virginia, former Democratic National Committee Chair Terry McAuliffe was elected governor, defeating tea party-backed Ken Cuccinelli, the state’s attorney general. McAulliffe’s victory was seen as a rebuke of the tea party-backed government shutdown that impacted many of the state’s workers. In New Jersey, Republican Gov. Chris Christie...
    Nov 06, 2013 | Story
  • Yvessmith-1
    In part two of our interview with financial analyst and writer Yves Smith, we look at who wins and losses with the JPMorgan Chase settlement. While the New York Post accused the Obama administration of "robbing" JPMorgan, Smith breaks down how much the nation’s largest bank will actually have to pay. [includes rush transcript]
    Oct 28, 2013 | Web Exclusive
  • Foreclosure2
    In the largest banking settlement in U.S. history, the banking giant JPMorgan Chase is set to pay a record $13 billion fine to settle investigations into its mortgage-backed securities. Five years ago, the bank’s risky behavior helped trigger the financial meltdown, including manipulating mortgages and sending millions of Americans into bankruptcy or foreclosure. JPMorgan’s preliminary settlement with the U.S. government may end up...
    Oct 28, 2013 | Story
  • Fastfood1
    New research shows more than half of low-wage workers at fast-food restaurants rely on public assistance to survive – a rate double that of the overall workforce. According to researchers at the University of California, Berkeley, low wages in the fast-food industry cost American taxpayers nearly $7 billion every year – that’s more than the entire annual budget of the Centers for Disease Control and Prevention. A companion report by the...
    Oct 18, 2013 | Story
  • Johnconyers
    Congress approved an 11th-hour deal late last night to end the 16-day partial government shutdown and pull the nation back from the brink of an historic debt default. The spending measure passed the Senate and House of Representatives after Republicans dropped efforts to use the legislation to force changes in President Obama’s signature healthcare law. The spending bill offers only a temporary fix. It funds the government until January...
    Oct 17, 2013 | Story
  • Hop
    The partial shutdown of the federal government has entered its 16th day, and the nation is now on the brink of a default as the government’s borrowing authority ends tomorrow. On Tuesday, Fitch Ratings warned it could cut the the U.S. government’s AAA debt rating if a deal to raise the debt limit is not reached. In a statement, Fitch said, "The prolonged negotiations over raising the debt ceiling ... risks undermining...
    Oct 16, 2013 | Story
  • Wallach
    As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as "NAFTA on steroids," and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people — about a third of world trade and nearly 40 percent of the global economy. While the...
    Oct 04, 2013 | Story
  • Shutdown01
    The U.S. government has begun a partial shutdown for the first time in 17 years after Congress failed to break a partisan deadlock by a midnight deadline. Some 800,000 federal workers are to be furloughed, and more than a million others will be asked to work without pay. The shutdown was spearheaded by tea party Republicans who backed a House bill tying continued government funding to a one-year delay of the Affordable Care Act and the repeal...
    Oct 01, 2013 | Story
  • Taibbi2
    In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. "Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders," Taibbi says. "Pension funds are one of the last great, unguarded piles of money in this country, and there are going to be all sort of operators that are trying to get their...
    Sep 26, 2013 | Story