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Articles on US Economy

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US House Speaker John Boehner wants government programs cut: but is austerity politics the answer? AAP

US austerity politics playing on default fears mask a looming problem

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…
Weak labour data sent a signal to investors that US share markets might be overvalued. AAP

Accounting for Wall Street’s week of carnage

Share markets in the US and around the world are expected to fall again this week following sharp declines on Wall Street last week. The Dow Jones industrial average closed on Friday down 2.3% for the…

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