2nd Quarter Growth Slower Than Thought (GDP 1.3% Growth)
The U.S. economy grew slower than previously reported during the second quarter of the year, according to the U.S. Bureau of Economic Analysis...
Economics
Is the Fiscal Cliff “Taxmageddon,” or Too Little, Too Late?
The anti-tax foundation Americans for Tax Reform has labeled the end of the Bush-era tax cuts that are scheduled to expire at the...
Read more
Business Economists Want Higher Taxes, Spending Cuts
To hurdle the federal government’s looming “fiscal cliff,” Congress and the president must enact a combination of higher taxes and spending cuts, says...
Read more
U.S. Economic Freedom Plummets to 18th Place Globally, Study Shows
Due in large part to an explosion of government spending and less secure property rights, the United States plunged to its lowest ever...
Read more
U.S. Credit Rating Downgraded
The Federal Reserve has announced that it would begin yet another round of quantitative easing, a maneuver that has caused the independent and...
Read more
Obama Administration Adds 11,000 Pages of Regulations
As the real unemployment rate hovers around 19 percent, with more Americans dropping out of the labor force and others being forced to...
Read more
Unemployment Still High; Not for Government Workers
While a record number of Americans are not currently in the labor force, according to the Department of Labor, unemployment for government workers...
Read more
Study: As U.S. Drops Again, Swiss Economy Still Most Competitive
The United States dropped in the Global Competitiveness Index ranking for the fourth year in a row because of exploding debt and deficits...
Read more
Romney Says He Would Replace Bernanke at Fed
GOP presidential contender Mitt Romney has announced that he would not reappoint Federal Reserve Chairman Ben Bernanke to a third term, but indicated...
Read more
CBO Projects Recession in 2013
The Congressional Budget Office released its economic analysis for 2013 in its annual summer budget update on Wednesday, reporting, “The sharp increases in federal taxes...
Read more
Europe Must Further Centralize Fiscal Power, Claims Fed Boss Bernanke
As American lawmakers debate reining in, auditing, reforming, or even abolishing the controversial Federal Reserve System following a growing wave of bipartisan outrage...
Read more
Led by Rep. Ron Paul, Congress Explores Sound Money
As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers explored sound money, competing currencies, and the route...
Read more
Fed Considers Pre-emptive Stimulus
Some members of the Federal Reserve are encouraging the Fed to make policy changes to pre-empt problems that may arise as a result...
Read more
Congress Debates Estate Tax Increase
The class warfare rhetoric that accompanies the tax debate is reigniting as congressional lawmakers battle over how to address a pending increase of...
Read more
Scranton Pa. Can’t Kick the Can, Cuts Salaries to Minimum Wage
After conferring with the city’s business administrator, Scranton, Pennsylvania, Mayor Chris Doherty announced on Wednesday, June 27, that all 398 city employees would...
Read more