Economy

JPMorgan Chase Gambles Away $6B, Gets "Slap on the Wrist"

Banking regulators tell the financial giant to improve oversight, but decline to impose penalties.

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| Tue Jan. 15, 2013 11:57 AM PST
President Barack Obama

Obama's Wrong: We Kind of Are a Nation of Deadbeats

Selling problematic debt and laughing about it is the story of America.

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| Tue Jan. 15, 2013 4:00 AM PST

Half of Republicans in Congress Are Apparently Cool With America Defaulting

You thought the fiscal cliff was bad. Debt Ceiling II could be worse.

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| Mon Jan. 14, 2013 8:07 AM PST

Proposed Legislation Would Block Bank Execs From Regulating Banks

Sen. Bernie Sanders says he will reintroduce legislation to prohibit financial industry executives from sitting on Federal Reserve boards.

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| Wed Jan. 9, 2013 12:19 PM PST

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jack lew

Flashback: Obama's Treasury Secretary Pick Claimed Deregulation Did Not Cause the Financial Crisis

Jack Lew in 2010: "The problems in the financial industry preceded deregulation."

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| Wed Jan. 9, 2013 10:50 AM PST
trillion dollar coin

The $1 Trillion Platinum Coin Is Horrible, Lawless Policy

We shouldn't pretend the law allows the president to do anything he wants.

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| Mon Jan. 7, 2013 9:23 AM PST

GOP Sen. Ted Cruz: "I Don't Think What Washington Needs Is More Compromise"

New Congress, same partisan dysfunction.

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| Mon Jan. 7, 2013 7:58 AM PST
Illustration: Yarek Waszul

Inside the Radical Plan to Fight Foreclosures With Eminent Domain

Can cities save struggling homeowners by seizing their loans from lenders? Only if they take on Wall Street.

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| Mon Jan. 7, 2013 4:00 AM PST

A Hidden Climate Win in the Fiscal Deal

The wind industry survived the fiscal cliff. But it ain't out of the woods yet.

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| Fri Jan. 4, 2013 9:33 AM PST

Big Oil's Billions in Tax Perks Survive Fiscal Cliff Deal

Among the big winners from the budget deal: BP, Chevron, ConocoPhillips, ExxonMobil, and Shell.

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| Wed Jan. 2, 2013 2:41 PM PST
republican democrat handshake

Liked Fiscal Cliff I? Then You'll Love Part II

For now, it's a short-term win for Obama, long-term win for the GOP.

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| Tue Jan. 1, 2013 10:40 AM PST

Van Hollen: Boehner "Has Turned the Keys...Over to the Tea Party Caucus"

Rep. Chris Van Hollen and Sen. Tom Harkin rallied with working class folks Friday to press the House Speaker and Congressional Republicans to spare the middle class from tax hikes.

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| Fri Dec. 28, 2012 11:38 AM PST
Senate Majority Leader Harry Reid

Fiscal Cliff Deal "Virtually Impossible" by New Year's Deadline

Congress is poised to fail on yet another fiscal showdown.

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| Thu Dec. 27, 2012 10:06 AM PST

Boehner's Plan B: "For Backing Out"

The House Speaker's new deficit plan doesn't reduce the deficit.

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| Thu Dec. 20, 2012 8:56 AM PST

NRA Darling Sen. Joe Manchin: "Everything Has to Be on the Table" in Gun-Control Debate

The gun-loving Manchin adds his voice to a growing chorus of lawmakers demanding tougher gun-right laws.

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| Mon Dec. 17, 2012 8:28 AM PST

Mississippi River Faces Shipping Freeze As Water Levels Drop

Navigation has become treacherous as the worst US drought in half a century brings water levels close to record lows.

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| Wed Dec. 12, 2012 11:19 AM PST
CEO of AIG Global Real Estate Robert Gifford

VIDEO: "Big Write-Offs Will Inspire You," Top AIG Exec Raps About Bailout

With AIG finally clear of the US government that saved the company, watch the head of one of its affiliates get down.

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| Fri Dec. 14, 2012 4:00 AM PST
Social Security card

For the Last Time, the Social Security Trust Fund Is Real

And here's exactly how it works.

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| Fri Dec. 14, 2012 4:00 AM PST

What If There Is No Fiscal Crisis?

Then maybe there's no cliff?

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| Thu Dec. 13, 2012 7:55 AM PST
two dollar bill

Could You Survive on $2 a Day?

Nearly 1.4 million American households live on that much per person. Gabriel Thompson reports from one of the nation's poorest areas.

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| Thu Dec. 13, 2012 4:00 AM PST