Jason Furman, chair of the Council on Economic Advisors, argues that Obama “narrowed the inequality gap” more than any president in 50 years. But don’t take down the barricades. Inequality remains extreme and continues to widen.
This week I spoke with Rep. Mark Pocan (D, WI) about an open letter to President Obama he is circulating to fellow members of Congress this week. It explains how the White House can address runaway drug costs by executive action.
Clinton's economic speech in Toledo, Ohio Monday wasn't perfect, and some will undoubtedly question her sincerity. But it showed just how far the candidate, and her party, have come in a very short time.
Trump says his tax cuts would cost $4.4 trillion over 10 years, most of it paid for by economic growth. We’ve been here before. Both Ronald Reagan and George W. Bush tried “trickle-down” economics. We should have learned two lessons.
Should Democrats present themselves as fighters for a transformative economic vision, or as skilled managers restoring and maintaining the status quo of the last several decades? The question came up again last week.
Joseph Stiglitz discusses tensions between globalization and democracy, and what the euro experiment tells us about the need to resist bad trade deals like the TPP and bad tax deals that favor big corporations like Apple.
This election isn’t just about whether Hillary Clinton or Donald Trump will be president. Ballot initiatives will give voters the chance to raise the minimum wage for workers in four states.
This weekend we learned that Hillary Clinton has been doing something that millions of other Americans also do: going to work sick. The difference is that too many American workers don’t have much of a choice.
What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? Answer: Fulfill Bill Clinton’s 1992 campaign pledge to bar companies from deducting executive pay above $1 million.
The giant corporations pay lower (or no) taxes while the hard-working smaller companies pay what they owe. The system inevitably spirals into deeper and deeper corruption.
A script prepared for Donald Trump for an interview about race with a Detroit pastor reveals his antipathy for even acknowledging the existence of systemic racism. The Movement for Black Lives agenda offers a contrast.
Robert Borosage, in the final Burning Issues video, presents a challenge to progressives to continue the debate on foreign and domestic policy opened up by Sen. Bernie Sanders' presidential campaign.
Many of the Fed officials who met with Fed Up activists expressed support, at least in principle, for the group's goals. That's commendable. But the Fed is hamstrung by its own ambiguous structure.
Imagine, if you will, going to the IRS and saying, “I don’t think the tax rate is fair so I’m not going to pay it.” Regular Americans can’t do that. But Apple CEO Tim Cook just did.
Here's how to play race politics to win white conservative votes: Feign sympathy for black people while vowing to keep them in their place and shut down their talk of systems of institutional racism.
A policy debate almost broke out in the presidential election when the two candidates traveled to Michigan to lay out contrasting economic agendas. What became clear is that the old establishment consensus will not hold.
A consequence of historic racial and wealth inequality, woven deeply into the fabric of our economic system and our politics, is largely absent from our political discussion in both political parties.
There are only two economists on Donald Trump's economic team. But hedge funds are represented. So are fracking, tobacco, guns and steel. So is the guy who ran Chrysler into the ground before it was rescued by the government.
Donald Trump says he would borrow the money for infrastructure by selling US Treasury bonds. That is exactly what the US government — and every other government — does, and has done, to fund infrastructure maintenance and modernization.
The major issue the public is reacting to isn’t terrorism or racism. It’s the rigging of our economy – the increasingly tight nexus between wealth and political power.
No one will ever run the 100-meter dash in less than five seconds. And no one, the story of Brazil’s 21st century suggests, will ever end poverty while ignoring grand fortune.
We're witnessing accelerating advantages for the affluent and compounding disadvantages for everyone else.
After acknowledging that poverty is systemic, House Speaker Paul Ryan in an NPR interview turns around and blames the poor themselves as being personally -- even morally -- responsible for being poor.
Payday loans siphon money out of local communities and depress consumer spending. When consumers turn to payday lenders, only to face financial turmoil, small businesses realize the impact on their revenue sheets.
A merger of two food giants announced Thursday underscores why Sen. Elizabeth Warren has taken on a new crusade against corporate mergers and consolidations, and why that issue is in the Democratic Party platform.
At the start of the Independence Day weekend, we learned that income inequality in this country became even worse last year. Economic inequality produces scars that last a lifetime – and even longer. We must act.
We all know what happened in the City of Brotherly Love 240 years ago on July 4. Maybe we should also pay some attention to what took place there two months later as we consider the state of our economic inequality.
Financial legislation passed by Congress solidifies what one Puerto Rican leader calls an "experiment in extreme capitalism" – one that is already having extreme consequences on the people who live on the island.
Although Tony Blair laments the failure of the “political center,” the Brexit vote didn’t happen because he and his colleagues failed. It happened because they succeeded. Voters don't like the effects on either side of the Atlantic.
Earlier this month, the Consumer Financial Protection Bureau revealed new rules to rein in payday lenders and their outrageous fees. Now, the CFPB needs to take the next step to protect Americans from these corporate loan sharks.
Britain's exist from the European Union carries vital political lessons for the Obama administration and Clinton campaign, both of which must not give reason for U.S. voters to further disdain the establishment.
Earlier this month, the IMF looked at what is happening to the world economy thanks to neoliberal policies and said, "Oh my God, what have we done?" Now ,the IMF is having another "OMG" moment.
Time and time again, tax cuts for the wealthy have proved ineffectual at sparking robust growth, while responsible budgeting that includes tax increases on the wealthy has repeatedly contributed to economic progress.
Donald Trump touts his business "success" as a major qualification for running the country. Recently some news stories have revealed how Trump runs his businesses. What those stories uncovered is alarming.
At TalkPoverty.org, a video and story that national mainstream media isn't writing about the disconnect between the right-wing nostrums the House speaker is peddling and what the low-income people in Ryan's district actually need.
The long Verizon strike has ended, and the unions won. This means that the American middle class won, too.
Americans who feel like they’re being screwed are attracted to an authoritarian bully – a strongman who will kick ass. The former reality TV star appears tough and confrontational enough to take on powerful vested interests.
The "Take 5" film series opens with a look at the consequences of urban gentrification and a challenge for elected leaders to make sure that the wealth lifting up once-forsaken neighborhoods also lifts up its residents.
It’s easy to understand why Donald "I am really, really rich" Trump opposes raising the minimum wage. This guy who was born with a really, really silver spoon in his mouth doesn’t have a clue what living on $7.25 an hour means.
A new study by the Pew Research Center spurred a rash of headlines last week about the "dying" middle class. It's dying, but not from natural causes. It's being killed. What – and, for that matter, who – is responsible?