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{ Tag Archives } the-economy

McCain Hits Democrats for ‘Flailing Around’ on Economy (CQPolitics.com)

CQPolitics.com – Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery.

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Obama promises more stimulus as unemployment edges up (AFP)

AFP – President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.

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Obama planning new package of economic aid (AP)

AP – Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.

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Obama: jobs data ‘positive’ but not enough (AFP)

AFP – US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.

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Summary Box: Economic worries dog stock prices (AP)

AP – ANOTHER POOR SIGN: Traders digested another weak sign on the economy Monday, a report showing that personal incomes rose less than expected in July.

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Summary Box: Bernanke, GDP news sends stocks up (AP)

AP – BERNANKE BOOST: Assurances from Ben Bernanke that the central bank was ready to help boost the economy sent shares sharply higher. Major indexes closed up about 1.7 percent.

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Bernanke: Fed Will Take Action If Economy Falters

Federal Reserve Chairman Ben Bernanke said the central bank will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare. He described the economic outlook as “inherently uncertain” and said the economy “remains vulnerable to unexpected developments.” … Read more: Bernanke: Fed Will Take Action If Economy Falters Continued here: Bernanke: Fed Will Take Action If Economy Falters Call or visit our website to speak to a bankruptcy attorney or learn more about filing for bankruptcy .

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IBM mulls further investment in Slovakia: government (AFP)

AFP – US computer giant IBM is considering boosting its investment in Slovakia, the economy minister said on Thursday.

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Home Sale Woes May Rewrite Playbook

In past recessions, home sales helped lead the economy out of trouble. But this time, the economy may have to pull home sales out of the woods, rather than the other way around.

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Tax Reform: These Small Steps Could Help Deficit, Economy (BusinessWeek)

BusinessWeek – Is the American system of taxation nearing a watershed moment? It doesn’t seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec.

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