- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
Latest Jerry Jasinowski Items
The recent fiscal crisis has opened a major rift between the tea party wing of the Republican Party and business groups that traditionally have backed Republicans, with many business leaders now vowing to counter insurgent candidates.
The nation's unemployment rate dropped to a four-year low of 7.7 percent last month as job growth accelerated to 236,000, the Labor Department reported Friday morning.
The nation's unemployment rate plummeted dramatically to 8.6 percent last month, after hovering around 9 percent for much of the year, as the pace of job growth quickened, the Labor Department reported Friday morning.
A ray of hope for the economy emerged Thursday and helped to snap the stock market out of its deep morass, spawning a 423-point rally in the Dow Jones Industrial Average.
A report revealing the first decline in consumer spending since the Great Recession shocked Wall Street investors Tuesday and raised fears that the economy could fall into a double-dip recession.
President Obama's tax-cut compromise with Republicans should provide a powerful boost to the economy next year by putting a lot of extra cash in consumers' pockets, and was cheered on Wall Street on Tuesday.
"Tea party" activists are exhibiting a fervor for budget cuts not seen in years, pushing to slash everything from Social Security to unemployment benefits in their drive to cut the burgeoning federal debt.