by Robert Borosage | Oct 27, 2013 | Economy
Congress is now lurching back towards another self-inflicted budget crisis. The new deadline is a budget deal by mid-January to avoid a government shutdown and lifting the debt ceiling by February to avoid default. Senate Minority leader Mitch McConnell sensibly...
by Robert Borosage | Oct 22, 2013 | Blog
The Bureau of Labor Statistics September jobs report summarize the labor market before the damage inflicted by the government shutdown. It shows an economy that is treading water, barely creating enough jobs – 148,000 in September – to cover new entrants into the...
by Robert Borosage | Oct 17, 2013 | Blog
Republicans finally caved. In the third week of the government shutdown, on the eve of an unimaginable default on U.S. debts, the craven Republican leadership, for months cowed by Tea Party zealots, finally ended its destructive folly. Majorities in both the Senate...
by Robert Borosage | Oct 15, 2013 | Shutdown
With the ugly government shutdown headed into its third week, Senate leaders are said to be close to a deal that could avert the unimaginable – the default on U.S. debt that could easily drive the world economy into depression. Even if senators reach a deal today, it...
by Robert Borosage | Sep 16, 2013 | Federal Reserve Chair
Accidents happen all the time in politics. This was not of those times. When the potential nomination of Lawrence Summers to the chairmanship of the Federal Reserve surfaced, progressives responded. Ohio Sen. Sherrod Brown organized a letter in support of vice chair...
