Fed’s Evans Says US Jobless Rate May Rise

Joshua Zumbrun 14.01.2012
Fed’s Evans Says US Jobless Rate May Rise

Federal Reserve Bank of Chicago President Charles Evans said the drop in the unemployment rate to 8.5 percent may be partially reversed in coming months.

U.S. Debt Nears $15.194 Trillion Ceiling

Damian Paletta The Wall Street Journal 13.01.2012
U.S. Debt Nears $15.194 Trillion Ceiling

The Treasury Department has begun maneuvers to avoid hitting the debt ceiling, as the Obama administration waits for Congress to return from the holiday break before it can raise the federal borrowing limit.

US mayors decry rise in poverty, homelessness

US mayors sounded an alarm Thursday over deepening economic woes after a survey of 29 cities from Los Angeles to Washington showed worrying rises in homelessness and poverty-related food aid.

Recession hits families hard as half of Americans fear they won't be able to do their holiday shopping

One in five Americans lost a sizeable amount of their disposable income during the recession, leaving them financially vulnerable and without many options.

Fitch Keeps U.S. Credit Rating at ‘AAA’, Cuts Outlook to Negative

Fitch Ratings kept its pristine AAA rating on the U.S. on Monday, but the credit-ratings company downgraded its outlook to “negative” in the wake of the Supercommittee’s failure to find $1.2 trillion in spending cuts.

Some 15% of U.S. Uses Food Stamps

Phil Izzo The Wall Street Journal 03.11.2011
Some 15% of U.S. Uses Food Stamps

Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million. Food stamp rolls have risen 8.1% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from t...

Obama opposes repeal of US healthcare program suspended last week

President Obama is against repealing the health law's long-term-care CLASS Act and might veto Republican efforts to do so, an administration official tells The Hill, despite the government's announcement Friday that the program was dead in the water.

IRS: Budget cuts would hurt service, raise deficit

Legislation that would trim hundreds of millions of dollars from the Internal Revenue Service budget would force significant cuts in the services it provides taxpayers and cost the government $4 billion annually in lost revenue, the agency warned ...

US health overhaul law suffers first major casualty

US health overhaul law suffers first major casualty

The Obama administration's signature health overhaul law, under relentless assault by Republicans, has suffered its first major casualty - a long-term care insurance plan.

Obama Promises to Veto Abortion Bill

National Journal 13.10.2011
Obama Promises to Veto Abortion Bill

President Obama threatened on Wednesday to veto any bill that would restrict insurers from paying for abortions, saying it goes too far.

Joe Biden Warns of More Rapes and Murders If Jobs Bill Is Not Passed

In Flint, Michigan, Vice President Joe Biden suggested that more rapes and murders could occur if President Barack Obama's jobs bill is not passed.

Feds to design health insurance for the masses

Feds to design health insurance for the masses

The federal government is taking on a crucial new role in the nation's health care, designing a basic benefits package for millions of privately insured Americans. A framework for the Obama administration was released Thursday.

US Post Office's Rescue Plan: Junk Mail

JENNIFER LEVITZ The Wall Street Journal 07.10.2011
US Post Office's Rescue Plan: Junk Mail

Many consumers are irked by the catalogs, credit-card pitches and other "junk mail" they receive. But the U.S. Postal Service loves it—and wants to deliver more.

Nearly Half of U.S. Lives in Household Receiving Government Benefit

Sara Murray The Wall Street Journal 06.10.2011
Nearly Half of U.S. Lives in Household Receiving Government Benefit

Families were more dependent on government programs than ever last year. Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers...

Electric bills to spike by double digits as utilities seek to pass on hundreds of millions to comply with new regulations...

Already weary of high gas prices and 9.1 percent unemployment, many Americans are about to get another kick in the wallet thanks to large increases in their electricity bills.

U.S. Securities and Exchange Commission May Recommend Legal Action Against S&P

The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering.

US government paid $600 million in benefits to dead people

The federal government has doled out more than $600 million in benefit payments to dead people over the past five years, a watchdog report says.

Obama endorses ending one day of mail delivery...

President Barack Obama said Monday the U.S. Postal Service should be allowed to reduce mail delivery to five-days-a-week to help cut its massive losses.

New government fees pepper Obama deficit plan

It's not just millionaires who'd pay more under President Barack Obama's latest plan to combat the deficit. Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who...

Obama to seek a new tax rate for wealthy

President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.

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