The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor’s.
U.S. workers face a dim future, with stagnant or falling pay and fewer openings for full-time jobs.
Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under the congressional mandate to lessen the likelihood of another financial meltdown.
Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health.
A Federal Reserve report finds that Americans are continuing to struggle even five years after the Great Recession, with one-quarter of U.S. families saying they are “just getting by.”
Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
In the report, “A College Degree is No Guarantee” from the Center for Economic and Policy Research, study authors Janelle Jones and John Schmitt find that the Great Recession has been difficult for all recent college graduates, but black graduates remain the hardest hit by unemployment.
Ben Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir.
A new study from the Joint Center for Housing Studies of Harvard University finds that nearly 50 percent of renters are “cost-burdened,” meaning they pay more than 30 percent of their income to rent housing. This is nearly double from the less than one-quarter of renters who paid that much in 1960.
The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years.