In a speech delivered at Knox College in Illinois, President Obama launched his final campaign: a campaign to revive the American Dream. The speech, less eloquent and windier than the best […]
Today President Obama will travel to Illinois to turn attention back to jobs and the economy. He does so amid an economy that is still in trouble. Mass unemployment continues […]
Reports are that a student loan deal is in the works, with a vote as early as today. If consummated, it will have bipartisan support in the Senate and the […]
In his congressional testimony yesterday, Federal Reserve Chair Ben Bernanke called out the Congress, telling them to stop the reckless and mindless spending cuts that are killing jobs and growth. […]
Conservative Republicans have turned the farm bill – normally a bipartisan grotesquerie of agribusiness subsidies and excess – from legislation to identity politics. They wanted to make a statement, even […]
This month’s lackluster jobs report – 195,000 net jobs created in the month of June with the unemployment rate unchanged at 7.6 percent – leaves Americans adrift. More than 22 […]
Interest rates on student loans will double to 6.8 percent on July 1 unless Congress acts. But it seems increasingly likely that the Congress will take off for the Fourth […]
Can the economy recover if workers don’t? Federal Reserve Chair Ben Bernanke yesterday suggested as much, but investors were clearly skittish. Bernanke announced that while the Fed would continue its […]
The May jobs numbers – with a net growth of 175,000 jobs – shows an economy that is treading water. There is no change in the unemployment rate or number […]
The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
Democrats now delight in watching Republicans flounder as they try to free themselves from the failures of President George W. Bush and the extremes of the Tea Party. But the […]
On Tuesday, a "sinkhole" suddenly sank in Washington D.C. three blocks from the White House. Not a metaphor, but a massive hole in the road as "long as a Ford Explorer," double the width of a train car and 17 feet deep.
Thursday on Bloomberg Television, Robert Borosage made the case for Sen. Elizabeth Warren’s Bank On Student Loan Fairness Act, which would set student loan interest rates at the same rate […]
On July 1, interest rates on student loans will double. While the Big Banks enjoy rates of almost zero, students will pay 6.8%! Sen. Elizabeth Warren has introduced the Student Loan Fairness Act.Enter
The Senate campaign in Massachusetts will be close and hard fought. Ed Markey, the winner of the Democratic primary, knows he has to run a bare-knuckled, knock down, full bore […]
This week, President Obama will travel to Austin, Texas to call for action on jobs. The proposals the president put forth in his State of the Union address – investing […]
Democrats are enjoying the spectacle of Republican disarray. All of Washington is sinking in popularity, but Republicans rank lowest in public esteem. The old wedge issues – guns, gays, racial division, the war on women – now bolster Democrats.
The April jobs report of the Bureau of Labor Services is sobering. The mediocre jobs number – 165,000 new jobs or barely enough to cover new entrants into workforce — […]
“Spending cuts hold back US growth,” warns an across the page headline of the conservative Financial Times. No surprise there. Americans are in trouble. Wages are losing ground. Over 20 […]
The President's budget is less a blueprint for government than a statement of purpose from the administration. In this divided government, it is already “dead on arrival.” For all of its volumes and detail, it is at best a list of priorities. And there it is distinctively disappointing.