U.S. News

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Government shutdown: Monumental idiocy

"Punishing federal workers and taxpayers to prove a point is a temper tantrum worthy of a four-year old, not a policy choice of a responsible political party."

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Obama to tea party: “Make my day!”

The media are covering Washington's latest fiscal crisis basically as a spectacle-the way local news now covers traffic accidents, crime scenes, and big storms.

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Nation braces for government shutdown

At least 800,000 of the nation's 2.1 million federal workers will be required to stay home Tuesday if the government shuts down as a result of Republican grandstanding.

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Co-op banks to invest in worker-owned U.S. businesses

The world's largest industrial, worker-owned and run cooperative, Spanish-based Mondragon and its bank, Laboral Kutxa, agreed to partner with U.S. based National Cooperative Bank to invest in U.S. cooperative businesses.

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Detroit bankruptcy coming to your city next, leaders warn

Detroit is the canary in the coalmine, warned speakers at a public forum on the city's bankruptcy, held this past Saturday, sponsored by Congressman John Conyers Jr.

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Elizabeth Warren at AFL-CIO meet: “If we don’t fight, we don’t win”

LOS ANGELES - Sen. Elizabeth Warren, the outspoken Massachusetts Democrat, told delegates at the 2013 AFL-CIO Convention here Sunday that the agenda of the labor movement and its allies has always been and continues to be the agenda of the American people.

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To ease or not to ease, that is Fed's question

The Jackson Hole conference attended by many of the world's top economists, central bankers and policy makers revealed divisions over current Fed stimulus policy.

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Labor Day report: Wages "dead in the water" for a decade

According to a new report, workers' wages "have been dead in the water for a decade," but the trend can be reversed with job-creating investment in infrastructure and education, and a minimum wage raise.

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Unemployment dips, but new jobs likely pay low wages

The U.S. unemployment rate in July was 7.4 percent, the Bureau of Labor Statistics reported, down 0.1 percent from the month before. A separate survey reported businesses claimed to create a net of 162,000 new jobs last month.

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President Obama lays out his vision for the economy

The president framed the economic tasks ahead of the country as one of fixing structural problems that go well beyond the current financial crisis.

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