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Opinion: Auto And Bank Bailouts Prove Effective
One of the signs that we are better off than we were four years ago comes in the form of a press release from the Treasury Department. Following the bailout of American International Group (AIG) in...
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Report: Median Income Worse Now Than It Was During Great Recession
WASHINGTON (CBSDC) — A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession. According to Pew, the Census Bureau showed that...
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Survey: Americans More Worried About Retirement Now Than During Recession
WASHINGTON (CBS DC) – More Americans are worried about their finances now than they were at the end of the Great Recession in 2009. Despite a slowly improving economy and a three-year-old stock market...
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Fewer US Banks Failing As Industry Strengthens
WASHINGTON (AP) — U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy...
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Study: Late Boomers, Gen-Xers Less Prepared For Retirement
WASHINGTON (CBSDC) – Late boomers and Generation=Xers might want to reconsider their retirement plans. A new study from the Pew Charitable Trusts found that the youngest groups of people have less...
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Obama to Begin Series of Economic Speeches Across the Country
WASHINGTON — Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle...
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Study: Record Number 21 Million Young Adults Living With Parents
WASHINGTON (CBSDC) — A record number of young adults are living with their parents. A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their...
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Strained By Economy, Americans Using Cars Less
WASHINGTON (AP) — Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over? After rising for decades, total vehicle use in the U.S. — the...
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Study: Great Recession Caused Additional 5,000 Suicides Worldwide in 2009
WASHINGTON (CBSDC) — A new study finds that there were nearly an additional 5,000 suicides worldwide in 2009 thanks to the Great Recession. The study, which was published in the journal BMJ, collected...
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Jobs Report To Help Show If US Economy Is For Real
WASHINGTON — The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years. The latest government reports point to economic momentum in...
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Study: Half Of US Renters Pay More Than 30 Percent Of Income For Housing
Cambridge, Mass. (CBS DC) – Income levels hurt from the Great Recession and an increase in rental demands has left millions of severely cost-burdened just trying to rent affordable housing. A new study...
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‘I Want People To Understand What We Knew’: Former Fed Chair Bernanke Writing...
NEW YORK (AP) — Ben Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir. Bernanke told The Associated Press on Monday that he will focus not...
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Study: Black College Graduates Twice As Likely To Be Unemployed
WASHINGTON (CBS DC) – 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...
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Citigroup To Pay $7 Billion To Settle Probe Into Risky Subprime Mortgages
WASHINGTON (AP) — Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. The agreement announced Monday comes weeks...
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Federal Reserve Report: One-Quarter Of US Families ‘Just Getting By’
WASHINGTON (CBS DC) – 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...
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Survey: 61 Percent Of Americans Say Great Recession Permanently Hurt Economy
WASHINGTON (AP) – 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...
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Federal Regulators Set Rules For Big Banks To Prevent Future Crisis
WASHINGTON (AP) — 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...
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US Executives Survey: 46 Percent Favor Technology Over Hiring New Employees
WASHINGTON (AP) – U.S. workers face a dim future, with stagnant or falling pay and fewer openings for full-time jobs. That’s the picture that emerges from a survey of Harvard Business School alumni....
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Report: ‘Rising Income Inequality’ Squeezing State Tax Revenue
WASHINGTON — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according...
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Report: More US Children Living In Poverty Than Before Great Recession
ST. PAUL, Minn. (AP) — A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfare of the nation’s economic turnaround. Twenty-two...
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