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Archives for Economy - 2/22 - News

Family and Medical Leave Act Advocates want law expanded from 12 to 26 weeks

WASHINGTON - Twenty years after the Family and Medical Leave Act became law, 4 in 10 workers aren't eligible to take temporary, unpaid leave to recover from serious illnesses or to care for new children or sick relatives. Some who are covered under t ...

US debt threatens state and local governments

Richmond Times-Dispatch - Chesterfield County Administrator James J.L. Stegmaier is less concerned about the "fiscal cliff" than the mountain of debt facing the United States -- and its looming presence over state and local governments. As leader of ...

Boehner's Plan B fails

[caption id="attachment_20012" align="alignright" width="300"] Speaker John Boehner of Ohio, center, departs after a House Republicans meeting on Capitol Hill, Thursday, Dec. 20, 2012 in Washington. (AP Photo/Alex Brandon)[/caption]UPI - President Ba ...

FED forges ahead with easy-money policy

(AP) - As President Barack Obama and Congress agonize over strengthening the economy without fattening the $16 trillion national debt, the Federal Reserve chugs steadily along on its own course of keeping interest rates low and printing money to stim ...

Consumer borrowing reaches record $2.75T

WASHINGTON (AP) - Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve said Friday that consumers increased their bo ...

Media buries news that 12M people are still unemployed

WASHINGTON (AP) -- U.S. hiring gains held steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff." Companies added 146,000 jobs, and the unemployment rate fel ...

New inflation gauge under discussion

WASHINGTON (AP) - Tweaking the way the government measures inflation sounds like an obscure method to help reduce budget deficits, but over time it would lead to significantly lower Social Security benefits while increasing taxes, mainly on low- and ...

US manufacturing shrinks in November to 3-year low

WASHINGTON (AP) - U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs. The I ...

Jobless claims surge to 439K; media blames Sandy

WASHINGTON (AP) -- Superstorm Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months. The Labor Department said Thursday that weekly applications increased by 78,00 ...

Most in US won't be able to escape 'fiscal cliff'

WASHINGTON (AP) - Everyone who pays income tax - and some who don't _will feel it. So will doctors who accept Medicare, people who get unemployment aid, defense contractors, air traffic controllers, national park rangers and companies that do researc ...


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