Nixon convinced Fed Chair Arthur Burns, seated left, to lower interest rates, helping him win re-election in 1972.
President Trump has been attacking the Federal Reserve for months and appears intent on nominating political allies to its board. An economist explain what typically happens next.
Congress designed a complicated tax system.
AP Photo/Keith Srakocic
The IRS already has all the info it needs from 40% of filers, yet lobbying by tax preparers is stymieing efforts to make the filing process simpler.
Black Americans were most affected by the 2009 recession.
It's been a decade since the worst financial crisis since the Great Depression, and blacks still haven't fully recovered financially, leaving them unprepared if another recession hits.
Federal Reserve Chairman Jerome Powell speaks at a news conference.
AP Photo/Alex Brandon
The Fed abruptly ended two years of aggressive interest rate hikes, signaling the longest economic expansion on record may be coming to a close.
More elderly people may soon be pinching pennies.
Americans are increasingly struggling to save enough for retirement. If Social Security isn't saved, growing old in poverty will likely become more common.
Democrat Nancy Pelosi spoke in D.C. the night of the midterm elections.
As House Democrats prepare their agenda for the next two years, dealing with America's massive fiscal gap should be at the top of their list.
In some ways winning is the easy part.
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
Instead of fighting other countries, we should be fighting our overflowing landfills.
Trump's plan to slap $200 billion more in tariffs on Chinese goods is premised on yesterday's waste-fueled economy. Tomorrow's economy is 'circular.'
An employee counts Russian ruble banknotes.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
‘I don’t even know how much this is going to cost.’
New research shows that many adults across the world are financially illiterate and unable to complete even basic mathematical calculations.
There are plenty of opportunities when you are out shopping to include your child in discussions about financial decisions.
Learning about real-life money decisions from a young age helps kids learn maths and improves their financial literacy.
Work placements are leaving many students with high debts.
Two million Australians don’t have the financial resilience to pay unexpected bills.
A new report finds two million Australians lack the resources to bounce back when difficult circumstances arise.
Most of us think we’re poorer than we actually are.
Piggie bank via www.shutterstock.com
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Loose regulation in the UK and elsewhere have left big banks vulnerable to crises.
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Money can’t buy love, according to a study conducted by US university, Brigham Young University. Research shows couples who…
The proportion of Australians ‘saving for a rainy day’ has gone up, but the proportion of those saving for an investment property has fallen, the survey found.
The proportion of Australians saving their pennies has risen since June, but householders still have not recovered completely…
Nicolas Sarkozy and Angela Merkel believe an FTT can help solve Europe’s debt woes.
French President Nicolas Sarkozy and German Chancellor Angela Merkel have announced a plan to impose a financial transactions tax (FTT) for the Eurozone, as part of an effort stem the bloc’s worsening…