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United States Congress Joint Economic Committee
Latest United States Congress Joint Economic Committee Items
The economy is growing moderately and employment has picked up recently, but growth continues to be held back by budget constraints, Federal Reserve Chairman Ben S. Bernanke testified Wednesday.
Several Federal Reserve policymakers this month favored slowing the central bank's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
Washington is abuzz over whether House Speaker John A. Boehner is purging conservatives from positions of power within his caucus. In a closed-door meeting Monday, Republican leaders stripped plum committee assignments from four outspoken advocates of limited government.
President Obama is hitting the hustings in a campaign-style push for tax increases, and his first stop is Pennsylvania — a battleground state with the kinds of Republicans who he thinks could be amenable to being swayed by grass-roots pressure.
The annual Economic Freedom of the World report, including an index of country rankings, has just been released, and it should be a wake-up call.
Slumping job growth has alarmed some economists who fear the U.S. economy is in trouble.
Slumping job growth has alarmed some economists who fear the U.S. economy is in trouble. Ben Bernanke doesn't appear to be one of them.
There's nothing stimulating about the current state of the global economy. Job creation is on the decline in the United States, and the European Union is in the third year of a worsening debt crisis. Growth is nowhere to be found on either side of the Atlantic.
Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.