US Economy

Bannon Is Out, but Economic Nationalism Still Thrives at the White House

By Linette Lopez, Business Insider

Just because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
More Good News on Jobs Gives the Fed a Green Light to Start Unwinding

By Lucia Mutikani, Reuters

The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
The Walls Are Closing In as Allies Abandon Trump

By Rob Garver

Things have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
Household Debt in the US Just Hit an All-Time High

By Jonathan Spicer, Reuters

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom

By David Lawder, Reuters

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...

Here’s Why Trump Deserves Credit for the Stock Market Surge

By Liz Peek

As of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
Are You Rich? Tax Reform May Answer That Question for You

By YLAN Q. MUI, CNBC

Whether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over

By Jacqueline Leo

A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
Is Wage Growth Finally Coming for American Workers?

By Jeff Cox, CNBC

Wage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits

By Tom DiChristopher, CNBC

President Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...

Why Main Street’s Big Job Gains Could Really Rattle Wall Street

By Anthony Mirhaydari

For middle-class Americans, things are looking up. Gasoline is cheap. Credit is cheap. And now, based on the October payroll report released on Friday, job growth is soaring and wage inflation is...
Here’s How Much Cheaper Thanksgiving Travel Will Be This Year

By Beth Braverman

Here’s something to be thankful about: Your Thanksgiving travel will probably cost less this year. Prices for Thanksgiving flights to the top 10 destinations were down an average of 9 percent from...
Hillary Clinton May Be the Biggest Winner from the Blowout October Jobs Report

By Rob Garver

Despite a plethora of polling about candidates’ favorability ratings, trustworthiness and how much people would like to have a beer with them, there is a strong belief among many election forecasters...
Paul Ryan: New House Speaker, Same Old GOP Favors for Wall Street

By David Dayen

Christmas seems to come earlier every year. In fact, it came this week to the House of Representatives, as they passed their version of a $325 billion, six-year transportation bill. Under the...
5 Charts That Explain the Gender Pay Gap

By Beth Braverman

That women earn 78 cents for every dollar made by a man is a much-cited statistic, but the gender pay gap is far more complicated than the number suggests. In a new report , salary consultant...

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