IMF warns US economic recovery has been slowed by 'ill-designed' cuts
Fund credits booming energy market with boosting US but warns Congress against spending less on infrastructure and educationThe International Monetary Fund said on Friday that an "excessively rapid and...
View ArticleUS economic recovery weaker than first thought – Commerce Department
Nation's GDP in first quarter revised down from 2.4% to 1.8% as pace of economic growth slows againThe US economic recovery was far weaker in the first quarter of the year than first thought, the...
View ArticleAs sequestration cuts bite, Congress is content with recrimination | Heidi Moore
With partisan campaigning for the 2014 midterms looming, the window of opportunity for better budget policy is closing fastEven for a Congress as remorselessly unproductive as this one, the summer of...
View ArticleChuck Hagel warns of deep army and navy cuts unless Congress acts
Defense secretary says Pentagon may have to stop using three aircraft carriers if massive sequestration cuts are not avoidedThe US defense secretary, Chuck Hagel, warned on Wednesday that the Pentagon...
View ArticleUS to hit debt ceiling in mid-October, Treasury secretary warns House GOP
Letter from Jack Lew says failure to act would do 'irreparable harm' and sets stage for further brinkmanship on Capitol HillThe US will hit its borrowing limit in mid-October and would likely be unable...
View ArticleSyria: the great distraction | Heidi Moore
Obama is focused on a conflict abroad, but the fight he should be gearing up for is with Congress on America's economic securityBefore President Obama speaks to the nation about Syria tonight, take a...
View ArticleWhy the Larry Summers story bodes ill for your wallet this fall
The debate over who should lead the Federal Reserve is a bad omen for the fall economic agenda – and retirement accountsFor most Americans, the failure of Larry Summers to be nominated for director of...
View ArticleCongress and the budget: holding middle-class America hostage
A new report suggests that lower- and middle-income Americans will pay a high and specific price for congressional inactionOne of the consistent frustrations of Federal Reserve chairman Ben Bernanke is...
View ArticleRepublican budget threats risk 'serious harm' to US economy, analysts warn
House Republicans accused of 'kamikaze' tactics by demanding funding be withdrawn from Obama's healthcare reformsThe risk of an accidental financial meltdown has been increased sharply by the latest...
View ArticleObama blames 'far right' Republicans for prospect of government shutdown
President uses weekly address to discuss budget standoff and House Republicans' attempt to defund healthcare reformsBarack Obama on Saturday used his weekly address from the White House to restate his...
View ArticleUS Treasury warns Congress of October deadline on debt ceiling
Secretary Jack Lew says a repeat of the debt brinksmanship of 2011 could inflict great harm on economic recoveryTreasury secretary Jacob Lew said Wednesday the government will have exhausted its...
View ArticleDebt standoff could 'all but wipe out' US recovery, economists warn
Analysts say government shutdown would be nothing compared to a failure to raise America's $16.7tn debt ceilingWashington's increasingly heated battle over raising the US debt limit could all but wipe...
View ArticleHouse Republicans raise stakes and propose one-year delay of Obamacare
Harry Reid says Senate will reject GOP's latest attempt to delay Obama's health reforms – setting stage for government shutdownRepublicans on Saturday mapped out a collision course towards the first US...
View ArticleRepublicans vote to postpone Barack Obama's healthcare plans
Harry Reid says Senate will reject GOP attempt to delay health reforms – setting stage for federal government shutdownUS Republicans have voted to postpone Barack Obama's heathcare reforms, setting up...
View ArticleWhat services are affected when the US government shuts down
Because Congress failed to avert a shutdown, 800,000 federal employees have been told to stay home. What else is affected?Well, they did it. The US government is officially on a partial shutdown, with...
View ArticleAre Republicans anti-science? In this case, yes | Richard Schiffman
The government shutdown forced by the GOP cost not only $24bn but incalculable damage to scientific researchWe're very excited.So Minnesota Republican Representative Michele Bachmann told the...
View ArticleFailure to reach a 'grand bargain' is good for the US economy | Michael Cohen
It's highly unlikely there will be any 'grand bargain' budget deal, but that's actually better for the US (and global) economyIt is sometimes said that Washington DC is a place where good ideas go to...
View ArticleUS budget deal: Congress' epiphany that austerity right now is foolish |...
Congress failed to extend unemployment benefits, but the budget compromise is a significant step toward sound fiscal policyAusterity or growth? For the last several years, governments in the US and UK...
View ArticleA full-scale GOP civil war? Here's what I got wrong in 2013 | Michael Cohen
Pundits often get away with making wrong predictions. I'm taking a step for responsibility and saying where I missed the markOne of the more frustrating things about political punditry is that...
View ArticleBudget battle lines drawn as Obama will present plan to Republican Congress
As White House hints at proposal geared toward helping middle-class, GOP faces internal divide on fight against automatic spending cuts known as sequestration If President Barack Obama earned $1bn each...
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