Obama’s Austerity Agenda And Sequestration

March 22, 2013 MEDIA ROOTS — “Both parties have conspired to bring us disaster,” says Professor William K. Black, a leading white collar criminologist, who also teaches economics and law at the University of Missouri-Kansas City. “This has strangled the recovery and may even put the economy back into recession.”  Professor Black gives a crucial […]

States finding tough climate for gas tax proposals

From FOXNews.com | Associated Press ANNAPOLIS, Md. – As if gas prices weren’t high enough, several states across the U.S. are looking to raise fuel taxes they say are needed to pay for roads and bridges that are outdated, congested and in some cases, dangerous. Maryland’s governor is proposing a phased-in 6 percent sales tax […]

States finding tough climate for gas tax proposals

From FOXNews.com | Associated Press ANNAPOLIS, Md. – As if gas prices weren’t high enough, several states across the U.S. are looking to raise fuel taxes they say are needed to pay for roads and bridges that are outdated, congested and in some cases, dangerous. Maryland’s governor is proposing a phased-in 6 percent sales tax […]

Christie’s $32.1 Billion Budget Counts on Rising Tax Revenue

By Terrence Dopp, BusinessWeek.com New Jersey Governor Chris Christie proposed a $ 32.1 billion spending plan, the biggest in five years, that counts on tax revenue increasing the most since before the recession began. The budget, which is $ 2.4 billion more than the plan enacted last year, would reduce income and business taxes while […]

Record U.S. Exports Led by Caterpillar Seen in Worldwide Markets

By Shobhana Chandra, Bloomberg.com U.S. exports, a driver of expansion in the world’s largest economy, will grow next year even as a sovereign-debt crisis pushes Europe into recession. The euro area’s share of overseas sales for American-made goods has dwindled to 13 percent from 19 percent at the peak in the early 1990s, according to […]

Florida businesses to pay out more for unemployment

By GARY FINEOUT, Bloomberg Businessweek Florida’s businesses that are already grappling with the toll of the recession and a high unemployment rate could get hit with a massive tax hike next year. In a move that some fear could hamper a fragile recovery now under way, nearly 460,000 businesses across the state will have to […]

Some 15% of U.S. Uses Food Stamps

By Phil Izzo, The Wall Street Journal Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million. Food stamp rolls have risen 8.1% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from the depths of the recession. […]

Nearly one in six in poverty in the U.S.; children hit hard, Census says

ShareThis Nearly one in six in poverty in the U.S.; children hit hard, Census says 13 Sep 2011 Nearly one in six Americans was living in poverty last year, the Census Bureau reported Tuesday, a development that is ensnaring growing numbers of children and offering vivid proof of the recession’s devastating impact… As poverty surged […]

Dow Jones closes down 512 points

CBS News Special Report: Investors concerned about another recession in the U.S. and the global economy, took part in a massive stock sell-off, sending the the Dow Jones industrial Average down 512 points. The Dow has now given back all of its gains for the year and then some.   Related videos from earlier this […]