February 4, 2014 The Congressional Budget Office says the federal budget deficit in fiscal 2014 will shrink to $514 billion — far less than it was at the height of the Great Recession. While the short-term outlook is a bit brighter, the CBO says there's still plenty to worry about in the long term.
October 30, 2013 The U.S. government ran a deficit of $680 billion in the financial year that ended last month — the first time since 2008 the annual shortfall has been under $1 trillion. But as the AP reports, "It's still the fifth-largest deficit of all time."
July 31, 2013 The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data from the Commerce Department. And U.S. companies boosted payrolls by adding 200,000 new jobs from June to July.
July 18, 2013 Analysts said the numbers signaled continued recovery in the jobs market. The news — plus good news on some quarterly earning reports — sent the stock markets soaring in early trading.
April 25, 2013 Six in 10 Americans say they fear tumbling from the middle class in the next few years, according to a newly released poll.
Alan Shull attends a job fair in Portland, Ore., on April 24.
October 26, 2012 Mitt Romney's pledge to add 12 million jobs to the economy over four years may sound like a very big number, especially coming out of a deep recession followed by three years of lackluster job growth. But some economists say it's realistic, and even if President Obama wins re-election.
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Federal Reserve Chairman Ben Bernanke talks to educators Aug. 7 in Washington, D.C. At their most recent meeting, many Fed members backed action to boost the economy.
Manuel Balce Ceneta/AP
August 22, 2012 Many Federal Reserve members said there would have to be action fairly soon if the economy didn't pick up, according to the minutes of their most recent meeting. Separately, the CBO warned of a recession if the economy goes off a "fiscal cliff" at the end of year.
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