Personal Economics
  • Another Tax Hike on the Rich Can Cripple the Economy

    Republicans have failed to impress upon voters this simple truth: cutting government spending is less harmful to the economy than raising taxes. That is why the GOP resists President Obama’s...

  • Coburn Says Hiring Freeze Will Save Government Jobs

    By Charles Clark, Government Executive

    Four days before across-the-board budget cuts are scheduled to kick in, Sen. Tom Coburn, R-Okla., demanded the Obama administration commence a hiring freeze, citing a series of “low-priority" jobs...

  • Home prices cap year with biggest rise since 2006

    Home prices cap year with biggest rise since 2006

    By Steven C. Johnson, Reuters

    NEW YORK (Reuters) - Home prices closed out 2012 with the biggest annual gain in more than six years while sales of new homes spiked in January, the latest sign that the long-suffering housing market...

  • Home prices climb in December, best yearly gain since 2006

    Home prices climb in December, best yearly gain since 2006

    By Reuters

    NEW YORK (Reuters) - U.S. home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet, a closely watched survey...

  • Insight: In Spain, banks buck calls for mortgage law reform

    Insight: In Spain, banks buck calls for mortgage law reform

    By Sonya Dowsett, Reuters

    MADRID (Reuters) - For more than a century, Spanish law has determined that if a person borrows money to buy a home, they can only be freed of the debt when it is repaid. Even in death, the debt is...