economy

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Given the colossal damage the big banks have wreaked, and the systemic flaws this scandal has exposed, Congress is not responding with the requisite vigor.read more

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It’s no mystery that work in America just isn’t working — not for the millions of unemployed men and women, or for those stuck working longer hours at lower pay.read more

The stimulus money has not benefited those who need it the most. Only a tiny fraction of the funded projects has gone to minority contractors and businesses — 5.9 percent, according to the Insight Center for Community Economic Development.read more

“If the economy is not lifting wages, adding jobs, incomes, lifting everyone who wants to work, it’s not a recovery from our perspective,” says Jared Bernstein.read more

My guest this week is Maria Cancian, co-editor of "Changing Poverty, Changing Policies."

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Reid and Obama talk about the unemployed. But those words amount to just crocodile tears since they have the power to do something about this but choose not to do so.read more

Keeping millions of productive workers in the shadows and off government records is costly, has failed to curtail immigration, lowers the wage threshold for all workers and minimizes immigrant contributions to the economy.read more

President Obama has not responded adequately to the crisis. He came in with too timid a stimulus package. He reacted feebly to the housing crisis. He reacted obsequiously to the banking crisis.read more

This spending freeze, which, in traditional Republican fashion, exempts the Pentagon, is a colossal blunder.read more

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One key difference between the modern-day Pecora Commission and the original is that the current commission lacks a Pecora.read more

"We have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks."read more

As the country’s middle class vanishes before our very eyes, now is the time to deal with the student loan crisis. It’s wrong to let more people needlessly suffer under the weight of oppressive debt simply because they tried to get an education.read more