The bipartisan budget deal is celebrating, largely for getting a deal. But on the economy, what benefits it has are erased by the failure to renew emergency jobless benefits. Washington continues to impede any recovery.
The budget deal announced yesterday in Washington offers temporary relief from budget crisis, hostage-taking, government shutdowns. But it does nothing to deal with the problems the country faces. And the reasons for that are clear.
The Bureau of Labor Statistic reports that the economy added 203,000 jobs in November, with the official unemployment rate declining to 7.0%. This is good news, but we still are a long way from an economy that has recovered from the fall.
President Obama declared inequality and an economy that is not working for working people the "defining challenge of our times." He offered an agenda for change and opened a debate that progressives should expand and pursue.
President Obama tells Americans the country is on the right track, but Americans aren't buying. The problem isn't the botched Obamacare launch. It is that the economy doesn't work for working people.
Bizarrely, Republicans are beginning to brag about sequestering America. Sequestration budgets cuts were designed to be repugnant. They fulfill that expectation. But Republican leaders argue that they "are working, and vow to sequester America.
It's back. A manufactured budget crisis. Failed negotiations. A threatened shutdown. And emerging from that nightmare, the continued horrors of mindless, meat-cleaver sequestration budget cuts. It is time to end the sequester horror show.
Beneath the Tea Party-generated gridlock in Washington, continued mass unemployment and growing inequality are confounding the old economic consensus. Heresies sounded in the temples of the old faith suggest the debate on reform has only begun.
The October jobs report by the Bureau of Labor Statistics showed an economy that is going nowhere. The jobs calamity continues with no relief in sight. Congressional budget negotiations must focus address the jobs crisis.
Sen. Elizabeth Warren's appearance at the CAF 2013 Awards Gala on Wednesday night reflects her growing stature as a leader of the Democratic wing of the Democratic Party.
Another month, another budget crisis. This time, Republicans can't afford to shut the government down again. And Americans don't buy what Republicans are peddling. Democrats would do well to stand strong for the vast majority.
There they go again. Another manufactured crisis. Another budget deal. More posturing on core principles. More consensus on austerity. Here's how common sense gets lost in the fog.
The September jobs report assesses the labor market before the damage inflicted by the government shutdown. The news isn't surprising. For workers, the "recovery" remains an illusion.
The Republicans finally caved. The Tea Party zealots have been routed. But the beatings haven't stopped; they've only been suspended. The deal that reopens the government sets the date for the next contrived crisis two months from now.
With America on the verge of defaulting on its debts, Senator leaders are reportedly near a deal. It ends the Tea Party's hostage crisis, but schedules the next one only three months from now.
When Washington went to the beach, progressives opposed to the Summers nomination organized. What is clear now is that the Democratic wing of the Democratic Party is willing and able to challenge its Wall Street wing.
Republicans are gearing up once more to hold the nation hostage over the budget. As the melodrama and posturing rev up, here is a common-sense field guide for the self-inflicted crisis.
Instead of continuing its failed austerity-lite policies, Congress should be moving to a jobs agenda, making the investments that will help put people back to work.
The “boys club” that dominates Obama administration economic policy is all in for Larry Summers. The divide between Summers' critics and the insiders dramatizes the looking-glass world that is today’s Washington.
Most babies born in the U.S. today are of color. In three decades, more than half of our population will be people of color. Yet, even as diversity is our future, growing racial disparity is our reality. People of color are disproportionately poor.
The chattering classes are fascinated by the Republicans’ internecine battle to redefine the party in the wake of the George W. Bush calamity and the Mitt Romney defeat.
The Bureau of Labor Statistics reports a net gain of 162,000 jobs for July, somewhat below the slow growth we’ve witnessed over the past months. The decline of the official […]
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.