by Richard Eskow | Oct 23, 2013 | Blog
Democrats in the White House are confronted with a dilemma. On the one hand, the clock's ticking on their temporary budget deal with the Republicans. If it runs out and there's no new agreement, we run the risk of a default and the government could shut down again....
by Richard Eskow | Oct 22, 2013 | Blog
Details are emerging about the House-Senate conference committee charged with developing a new budget. That would presumably head off the continued threat of a renewed Republican government shutdown – a catastrophe that is currently scheduled for January 15 – and...
by Leo Gerard | Oct 22, 2013 | Blog
Republicans characterize the ordeal they just subjected the country to as a war. House Speaker John Boehner said, “We fought the good fight. We just didn’t win.” Sen. John McCain said, “Republicans have to understand we have lost this battle, as I predicted weeks ago,...
by Dave Johnson | Oct 22, 2013 | Blog
Problem: multinational corporations are sitting on a huge lump of money from profits made outside of the US, avoiding hundreds of billions of dollars in taxes. There are four ways to solve this. Three of them create millions of American jobs and bolster American...
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 Richard Eskow | Oct 21, 2013 | Blog
Scandal-tainted megabank JPMorgan Chase is losing legal ground in the wake of its multi-year crime wave (if the term "crime wave" seems harsh, we invite you to review the evidence here, here, and here.) But in the wake of its tentative $13 billion settlement with the...
