Both the House and Senate have now passed budget resolutions that offer comfort and protection to the wealthy and powerful and more discomfort and vulnerability to everyone else.
A new online petition drive is protesting the incredibly high prices that enormously overpaid pharmaceutical CEOs charge for cancer drugs.
The People's Budget picked up 95 votes, a larger share of votes from the House Democratic caucus than its predecessors in previous years. Republicans, not surprisingly, were unanimous in opposition.
The Republican budget promises “a stronger economy" where families "can have more confidence and certainty in the future.” But for millions of families, it means a future filled with uncertainty and desperation.
A New York Times op-ed calls for killing the Export-Import Bank because it helps American companies compete globally. A Times story reports that the anti-government Koch brothers network is behind the campaign.
The Republican budgets mandate overtime for the Grim Reaper. Republicans want more money for war, resulting in more battlefield deaths. But they gouge healthcare spending, condemning Americans to die unnecessarily from untreated disease.
The Campaign for America's Future has joined a campaign to sign up citizen co-sponsors of the Progressive Caucus People's Budget. The goal is to get a Democratic majority to support it during next week's floor vote.
What is the reason for the delay/refusal? Are the people at the SEC simply “playing ball,” hoping for lucrative corporate rewards when they leave government?
The Congressional Progressive Caucus released its People's Budget the day after House Republicans unveiled their proposal. The contrasts are stark and revealing. And at stake is the fight for America's future.
All of these factions want the government cut back. None of them care about investing in infrastructure, science, education, health care, safety-net programs, or other ways of helping the public.
There’s a generational time-bomb ticking. The vast majority of college debtors still suffer in isolation, viewing their struggle as a personal problem, not a societal issue. But this is about to change.
The people who make Washington function are increasingly unable to live in Washington. That's a symptom of a national housing affordability crisis that is not getting the attention it deserves.
Next week, progressives in Congress will release their annual budget proposal. They do this every year, and every year the national news media largely ignores it. Will the elite media report on it this year?
Local and national progressive organizations coordinated dozens of actions in 16 states today as part of "We Rise: National Day of Action to Put People and Planet First."
A continuing trade deficit literally drains our economy, jobs, wages, factories, entire industries and our ability to make a living as a country.
Fifty years after Selma, the Department of Justice's investigation of the police department and courts in Ferguson, Missouri, reveals the same racism that Selma marchers stood against, and the same economic consequences.
Jobs are up; unemployment is down. We've had five straight years of private sector jobs growth. But workers have yet to share in the rewards. The Fed should hold off stepping on the brakes.
While there is an enormous amount of political debate over various imaginary job killers, the Federal Reserve Board is openly mapping out an actual job-killing strategy and drawing almost no attention at all for it.
Voters are less familiar with—or think less about—the many government programs that the rich and powerful use to warp markets in their favor. Let us count the ways.
The Federal Reserve Board is deciding when to raise interest rates. Its decisions will decide if millions of Americans get jobs or pink slips, whether wages rise or stagnate. Workers need a voice in those deliberations.
Could this project, using Warren's distinctive voice, help progressives present a bold alternative not only to destructive conservative policies but the Band-Aids and incremental measures of mainstream Democrats?
The rise of “independent contractors” Is the most significant legal trend in the American workforce – contributing directly to low pay, irregular hours, and job insecurity.
Economist William Lazonick is said to have "decoded the Rosetta Stone of America's economic decline" with his research on income inequality. Now he's predicting that things will get worse.
Three signs add up to one stark reality: A nation that prides itself on being the land of opportunity is closing the avenues of advancement for an entire generation. Change will come only if we take action.
Economist Dean Baker explains the reasoning behind the effort to get organizations to endorse a petition calling on the Fed to back away from an interest rate hike that could drive up unemployment.
I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The fact is, trade agreements are no longer really about trade.
Like Germany, the United States has its own austerity cult. For these cultists, as for the characters in our nation's newest hit movie, pain seems to have become an end unto itself.
The Christian right has a history of fanaticism extremism, and folly. Since the Reagan era, politicians have deployed these tendencies to appeal to the sensibilities and loyalties of ordinary Americans while picking their pockets.
Corporations like Staples want an “Easy” button to get out of being responsible for providing their workers with health insurance. Republicans are trying to give them one.
Silicon Valley companies dodge taxes, and use some of the money to build luxurious, private bus lines for their employees. The rest of us are, literally, stuck with the result of these companies' tax scams.
Sometimes, CEOs don’t fight failure. They bet on it. Now the Securities and Exchange Commission is finally moving, ever so slightly, against wagers that reward CEOs when their companies fail.
Sen. Bernie Sanders asked Federal Reserve chair Janet Yellen to explain her inaction and the Fed’s silence on Greece’s stand against austerity. The stakes are too high for the U.S. to let Greece go it alone.
For years people have been running around Washington yelling that the United States was at risk of becoming Greece. There may actually be a basis for such concerns, but not for the reason usually given.
The Institute for New Economic Thinking shows how without a dramatic shift in policy, we'll be divided into a small minority with fabulous wealth and a permanent underclass with few hopes or prospects.
The following things would employ tons of people, and bring a long-term economic return far above any “cost.” Why don't we do them? Because the status quo benefits a few extremely wealthy people.
If we want to grow the overall economy, if we want to create jobs, we have to put money into the hands of working people. We do not do that by imposing more austerity on people who already desperately are hurting.
Every day brings more headlines in the European debt drama. What's behind it? What does the future hold? Are there any implications for the United States? Here's an overview of the situation as it currently stands.
The website Capital & Main launches a month-long expose on how rampant inequality in California is leaving nearly everyone behind. The series hopes to inform the national progressive movement for economic reform.
We've accepted the downsizing of government without a struggle, and that needs to change. That means reclaiming the voice and spirit of an independent left, without fear or apology.
Workers were the victims of austerity’s slashed public services, wages and jobs. Those demanding austerity – the 1 percent - and those imposing it - conservative politicians - escaped its bitter effects with shields of cash.
Exposing the flaws and failures of conservative ideology, and the foibles of its leaders