Rep. Maxine Waters gave this dire prediction about sequestration at a Thursday press conference: The United States would experience a loss of 170 million jobs, if Congress and the White House fail to strike an agreement.
Big Business and Big Labor cleared a big hurdle Thursday, as the Chamber of Commerce and AFL-CIO agreed in principle on a plan to allow "lesser skilled" immigrants to work in the U.S. legally, a key sticking point for a final deal on overhauling the nation's immigration laws.
During the first State of the Union address of his second term, President Barack Obama stretched the facts a bit to make himself look better on an issue central to all Americans: the economy.
A new report by the Bureau of Labor Statistics reveals that the United States has one of the highest unemployment rates in the industrialized world, only second to Sweden.
The Bureau of Labor Statistics reports that union membership rates have fallen off sharply in the past year, from 11.8 percent of the workforce to 11.3 percent.
Business groups have long complained that the Obama administration is "labor-friendly," but union membership actually has declined over the last four years to its lowest point since the 1930s.
President Obama's decision to name Jack Lew, his chief of staff and former budget director, to be his Treasury secretary sent a depressing signal that the economy and jobs won't be his highest priority in a second term.
The jobs numbers released by the Bureau of Labor Statistics on Friday confirm the economy probably won't see robust growth any time soon.
It's been a month since the 2012 campaign ended, but President Barack Obama hasn't let up on all his campaign rhetoric.