Archive

Seven homeowners who have faced foreclosure by some of the nation’s biggest banks after doing the best they could to save their homes faced a D.C. Superior Court judge Tuesday. They were in court for the act of civil disobedience their financial plight had driven them...

This is a fascinating account of how the Grand Bargain came to be the tired conventional wisdom among the Village wonk crowd. (I'm characterizing it that way, not the author, the esteemed Larry Mishel. ) It's required reading for anyone who has been following this story for the past few years.

With the House Republican caucus still squabbling over what ransom they should demand for an increase in the debt limit, Speaker John Boehner issued his own threat yesterday. According to Roll Call, Boehner wants "another round of spending cuts beyond the sequester."...

The Senate is on the verge of preventing an initial filibuster of the bipartisan immigration reform bill, with several Republican votes in support of proceeding. Despite all the trumped up "scandals," the Republican Party shows little interest in derailing the top...

When a kid snatches an old lady’s purse, it’s punished as a crime. But when a corporation manipulates bankruptcy law to deny thousands of retired coal miners benefits they labored their entire lives to earn, it’s endorsed by federal court. Late last month, a...

You might have heard that "austerity is dead." You'll certainly be hearing it, and with good reason: the U.S. deficit is down more than 50 percent from what President Bush left behind, projections of the rise in medical costs that drove future deficits are way down,...

It should be self-evident that recent NSA revelations bring up some grave concerns about civil liberties. But they also raise other profound and troubling questions - about the privatization of our military, our culture's inflated expectations for digital technology,...

One of our nation's richest men, billionaire Nick Hanauer, just destroyed the GOP's economic talking points. In a testimony before the Senate Banking Committee, Hanauer explained why rich people like him are not, in fact, the real job creators. He said, “In the same way that it's a fact that the sun, not earth, is the center of the solar system, it's also a fact that the middle class, not rich business people like me, are the center of America's economy.”