Despite nearly three years of growth, we have over 20 million people in need of full-time work. Wages are declining. This economy is not working for working people. To recover […]
The United States is in the midst of the most protracted unemployment crisis in modern history, and for vast segments of the population, the recession has never ended. Wages are […]
Holding America hostage is no way to negotiate a budget.
F. Scott Fitzgerald warned, “There are no second acts in American lives.” And for recent American presidents, second acts have been brutal. The hope of the first act succumbs to […]
The December Jobs Report is a warning to Washington: This economy is growing – with 155,000 new jobs and 7.
Washington is careening off the fiscal cliff smack into the debt ceiling. These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on […]
Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House.
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
Big Banks are famously too big to fail, too big to manage, and too big to prosecute. Now a recent report by the OCC details that they fail to […]
Wisconsin, Ohio, Indiana, Michigan — Republicans continue their assault on unions and worker solidarity – and America’s middle class gets mugged. Corporate profits are at the highest % of […]
Pressure for a deal to avoid the so-called "fiscal cliff" at the end of the year is building.
Upon rumors of purported “grand bargain” including $400 billion in cuts to Medicare, Social Secuirty and Medicaid, Rep. Keith Ellision. the leader of the House Progressive Caucus, just said NO: […]
Senator Dick Durbin, Senate Majority Whip and one of President Obama’s closest allies, laid out his principles for a deal in the current fiscal showdown today in a speech at the Center for American Progress. The nuanced speech was a revealing mixture of common sense and nonsense.
The following was originally published in The Nation. With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic […]
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. —Warren Buffett In 2012, class warfare broke out in American politics. And […]
Washington is headed immediately into the fiscal showdown, with fierce pressure to use the arbitrary year-end deadline for the termination of various tax cuts and the automatic cut or sequester of some 9 percent of discretionary spending to force a grand bargain.
“The one word description of this election is spelled J-E-E-P,” said a friend early Tuesday evening. “This proves you can’t keep giving the finger to the American people and be […]
“Sometimes the dreamers are the only realists” Sen. Paul Wellstone 10 years ago today, a phone call brought the unimaginable news: Paul Wellstone, his wife Sheila, his daughter Marcia, three […]
“I agree,” said Mitt Romney, and so he did, with the same passionate intensity with which he previously scorned the president’s foreign policies from one corner of the country to another.