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Economy

The current national average of $3.35 a gallon is a dime cheaper than it was this time last year. (Photo by Tim Boyle/Getty Images)

Report: Gas Prices Heading Closer To $3-Per-Gallon In Much Of U.S.

Greater American production and less-than-expected global demand is driving oil prices downward, say industry analysts.

09/25/2014

An increase in the number of people employed year round drove the poverty rate from 15 percent in 2012 to 14.5 percent in 2013, says the Census Bureau. (Photo by Spencer Platt/Getty Images)

Poverty Rate Drops For The First Time Since 2006

The Census Bureau found the poverty rate in 2013 was 14.5 percent, down from 15 percent in 2012. White House credits job growth for decline.

09/16/2014

President Barack Obama speaks during Laborfest in Milwaukee, Wis., on Sept. 1, 2014. (credit: JIM WATSON/AFP/Getty Images)

Obama On Job Picture: ‘We’re On A Streak’

President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections.

09/02/2014

President Barack Obama speaks during  Laborfest 2014 at Henry Maier Festival Park on Sept. 1, 2014 in Milwaukee, Wis. (credit: Tom Lynn/Getty Images)

Obama: ‘I’d Join A Union’

President Barack Obama says he’ll press Congress to raise the minimum wage in the same way he courted his wife — never taking no for an answer.

09/01/2014

President Barack Obama arrives at San Francisco International Airport in San Francisco, Calif., on July 23, 2014, to board Air Force One en route to Los Angeles. (credit: JEWEL SAMAD/AFP/Getty Images)

Obama To Call For ‘Economic Patriotism’ In Effort To Limit US Company Mergers Abroad

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.

07/24/2014

Economists expect, on average, growth of 3 percent at an annual rate in the second quarter, down from 3.5 percent in a June survey.   (Chung Sung-Jun/Getty Images)

Economists Downgrade Forecasts For U.S. Growth

They remain optimistic the economy will rebound from a dismal first quarter.

07/11/2014

President Barack Obama speaks on the economy at the Lake Harriet Band Shell in Minneapolis, Minn., on June 27, 2014. (credit: MANDEL NGAN/AFP/Getty Images)

Obama: Republicans ‘Don’t Do Anything, Except Block Me And Call Me Names’

Blasting the GOP as wilfully indifferent to American struggles, President Barack Obama issued a rebuke Friday to Republican attempts to thwart his economic agenda, offering a stark contrast that Democrats hope will yield electoral success in November.

06/27/2014

President Barack Obama speaks during a town hall meeting in Minnehaha Park in Minneapolis, Minnesota on June 26, 2014. (credit: MANDEL NGAN/AFP/Getty Images)

Obama: Republican Lawmakers Too Focused On Making Up ‘Phony Scandals’

President Barack Obama is pitching his ideas to boost the American middle class in Minnesota, a state that already has embraced a key component of the president’s economic agenda by moving to raise its minimum wage.

06/27/2014

President Barack Obama delivers the commencement address at the University of California Irvine in Irvine, Calif., on June 14, 2014. (credit: JIM WATSON/AFP/Getty Images)

Obama Heading To NYC For Gala LGBT Fundraiser For DNC

Drawing attention to his economic policies and courting a key Democratic constituency, President Barack Obama is embarking on a two-stop day trip to highlight technological developments and to raise money for the Democratic Party from a newly energized gay community.

06/17/2014

Former U.S. Secretary of State Hillary Clinton (credit: Alex Wong/Getty Images)

Clinton: Cantor Opponent ‘Ran Against Immigrants’

Hillary Clinton says Majority Leader Eric Cantor “was defeated by a candidate who basically ran against immigrants.”

06/11/2014

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