President Obama plans to nominate Daniel Gallagher as a commissioner at the U.S. Securities and Exchange Commission, the White House said Wednesday.
Oil prices plunged 10 percent to below $100 a barrel in New York on Thursday — the biggest drop since the 2008 financial crash — after a government report shook market confidence by showing a big jump in layoffs last week.
Americans are getting hit on all fronts nowadays. Wages are flat or falling. Income-tax bills are due by April 18. Food prices are rising. And gas prices that are soaring toward $4 a gallon now threaten to reverse the nation's economic-growth rate.
The letter sent Saturday by players to NFL Commissioner Roger Goodell, in response to a letter he sent players Thursday:
Imagine that you have a serious drinking problem, which has caused your job performance to decline. If your doctor said to you, "Don't stop drinking now, because going sober may cause you discomfort and may not immediately improve your job performance" - while failing to tell you that if you keep drinking, you will become totally dysfunctional and may die - what would you think of your doctor?
The turmoil in Egypt is causing economic jitters across the globe, pushing up food and oil prices so far, but bigger worries are ahead.
Jobs are hard to come by in every U.S. city, but you stand a better chance of getting hired if you live in Washington, Dallas or Boston.
The economy turned an important corner at the end of last year, recouping all the ground lost during the Great Recession and expanding into record territory.
When President Clinton and House Speaker Newt Gingrich were running the country back in the 1990s, "divided government" came to be equated with fiscal discipline and balanced budgets. Some pundits fantasized that a government similarly split between President Obama and a resurgent GOP might bring more of the same. Our limited experience with divided government in 2010, however, has not been encouraging. The latest tax deal emerging from Washington will extend the George W. Bush-era tax cuts, spend more on unemployment benefits and ensure higher-than-forecast budget deficits.
