In both the US and UK, policymakers have been excited to see a small but significant increase in manufacturing activity and exports. While growth in manufacturing jobs has been sporadic, the creation of…
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Articles on US economy
Displaying 241 - 260 of 272 articles
With the US economy experiencing an extremely slow recovery from the recession of 2007-09, debates over the role of monetary policy have come to the forefront, especially given the variety of new powers…
Recent years have demonstrated the enduring strength of a core Keynesian insight: deficit spending may result in higher growth and enable states to move more quickly into surplus. In this light, Australian…
Is it 2013 or 1999? Barack Obama’s evolution into a more successful Bill Clinton may be complete with the issuance of his recent budget. On the one hand, Obama’s budget cuts entitlement spending by adopting…
The maelstrom surrounding budget cuts that has engulfed the United States over the last twelve months seems no nearer to reaching a satisfactory conclusion. The U.S. Congressional House and Senate currently…
The first thing you should know about the sequester is that nearly everyone agrees that it’s a bad idea. In fact, that was the point. In the summer of 2011, with congressional Republicans refusing to raise…
In his State of the Union address, US President Barack Obama reignited a perennial debate in his proposal to increase the minimum wage from its current level of $7.25 an hour to $9.00 an hour. Advocating…
Barack Obama opened his fourth state of the union address to Congress with words from another Democratic president, John Kennedy: “The Constitution makes us not rivals for power but partners for progress…
President Obama left little doubt during his State of the Union address as to what his top priority will be in the years ahead. “A growing economy that creates good, middle-class jobs”, the President declared…
In the midst of genuine economic and political challenges, Tea Party Republicans have been hard at work generating additional problems. From the debt-ceiling showdown that cost the US its AAA credit rating…
Fiscal cliff. Grand bargain. Shared sacrifice. The buzzwords on Capitol Hill this December tell a dramatic story. The United States, hurtling toward an unavoidable economic disaster, can be saved only…
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…
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…
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