When President Obama took office in 2008, there was little time for rest or reflection. The economy was in freefall and immediate action was required. This time around, the situation is not so dire. But…
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Articles on US economy
Displaying 241 - 260 of 261 articles
US presidents linked to pro-business political parties tend to be better at economic management, new research suggests. The…
As we check our political calendars, many look to November 6 as the crucial date that will determine the future direction for US politics and the nation’s ailing economy. But in policy terms, it is January…
Finding bright spots in the US economy is a seemingly thankless task. The unemployment rate, despite dipping slightly in previous months, remains above 8%; last month, employers could only add 96,000 jobs…
The US Securities and Exchange Commission was right to step in to regulate short-selling during the 2008 financial crisis…
Sarah Palin’s voice, both in sound and content, still has the power to stop me dead in my tracks with fear and bewilderment. Her game of will she/won’t she run for the US Presidency has ended, but not…
President Barack Obama’s handling of the US economy has come under close scrutiny following the publication of Confidence Men by Ron Suskind - which charts his struggle to contain the Wall Street crash…
Global markets have tumbled again this week, following the downgrading of Italy’s debt rating and a series of negative comments from leaders of the world’s financial institutions. International Monetary…
Sometimes good policy and good politics are the same thing. By tying together lessons learned from economist John Maynard Keynes and former president Harry Truman, Barack Obama is taking steps that may…
President Barack Obama’s $US447 billion jobs plan appears to be struggling. Republican resistance to some aspects of the rescue deal announced last week - particularly around government spending - was…
Barack Obama has laid out a US$447 billion (A$421 billion) plan to cut payroll taxes and boost government spending to create jobs, in a bid to “jolt” the stalled US economy back to life. Obama told a joint…
The past several weeks on global financial markets has been quite some roller coaster ride. As the US flirted with the prospect of default and Standard & Poor’s downgraded the country’s credit rating…
Without the firing of a single shot in anger, a country has been, at least in a sense, brought to its economic knees. The capitalist system, with variations and aberrations, is now reacting. Shares are…
“Most importantly it will allow us to avoid default and end the crisis that Washington imposed on the rest of America. And it will allow us to lift the cloud of doubt and uncertainty.” President Barack…
“A catastrophe on multiple levels.” That’s how New York Times columnist Paul Krugman characterised the US debt deal brokered this week between Democrats and Republicans. President Obama on Tuesday signed…
US President Barack Obama says Democrat and Republican leaders have reached an agreement on reducing US debt, before the August 2 debt ceiling deadline. Failure to reach a deal may have led to a historic…
After initially refraining from public comment, China has now joined the ranks of countries and international institutions voicing concerns over the US public debt-ceiling impasse. Late last month, China’s…
Minnesotans have breathed a sigh of relief after the state’s Republican-led legislature signed off on a budget deal negotiated with Democratic Governor Mark Dayton, ending a three-week state government…
International ratings agencies Moody’s and Standard & Poors have both indicated they would consider downgrading the US’s debt rating as negotiations aimed at raising the country’s statutory US$12.3…
For some time, it appeared that the severity of the global financial crisis had created a compelling “learning moment” that promised to return the world to a more civilised form of capitalism. Insufficient…
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