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Economy

The U.S. economy is suffering under crippling deficits, massive debt, and record unemployment. The country needs fresh ideas, novel solutions, and unorthodox measures to stimulate job growth, pay down debt, and balance its budget. Independents will be watching for policy proposals and candidates, who think outside the box, can make the tough decisions, and challenge the status quo when it comes to leading the economy out of a recession. This section will cover breaking news and developments related to the economic health of the country, states and individual citizens.

president-obama-extend-tax-cuts
By | 07/09/2012 | Economy, Headline, Issues, Legislation, Taxes | 31 Comments

President Obama once again pivoted his policy today with an East Room announcement that his administration will seek to extend the Bush era tax cuts for incomes less than $250,000. He called for Congress to pass a bill extending the cuts to middle class earners immediately, and address top earner cuts later. President Obama once again pivoted his policy today with an East Room announcement that his administration will seek to extend the Bush era tax cuts for incomes less than $250,000. He called for Congress to pass a bill extending the cuts to middle class earners immediately, and address top earner cuts later.

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Photo: Jim Young / Reuters
By | 07/09/2012 | Budget, Economy, Health Care, Issues | 6 Comments

James Madison said in the Federalist Papers: “In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable.

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paul tucker
By | 07/09/2012 | Economy, Headline, Issues

The Libor rate fixing scandal may seem remote from everyday life, but millions of people have been cheated out of money because of it.

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Disgraced soon to be ex- Barclays CEO Bob Diamond (Credt: commons.wikimedia.org)
By | 07/06/2012 | Economy, Issues | 2 Comments

The ever-widening LIBOR scandal now encompasses one major bank, Barclays, implicates other banks, and perhaps the British government itself.

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Photo: reid.senate.gov
By | 07/05/2012 | Economy, Featured, Health Care, Issues | 6 Comments

The base word “tax” comes from Greek and means “arrangement” or “order.” The Supreme Court recently ruled that the federal government has the power to enforce the penalties in the.

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Credit: commons.wikimedia.org
By | 07/05/2012 | California, Economy, Issues, Legislation | 1 Comment

The California legislature passed a landmark bill Monday strongly regulating how banks handle home foreclosures.

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1790-census
By | 07/04/2012 | Economy, Featured

The first 1790 census of the United States shares no resemblance to the most recent census of our country. But nonetheless the contrast between the 1790 and 2010 censuses helps capture the dynamic transformation of our country and helps us to remember the United States’ beginnings.

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