Treasury Secretary Jack Lew announced the government lost $10.7 billion on the deal but saved an estimated 1.5 million jobs in the industry.
December 8, 2013 In December 1993, President Clinton signed the North American Free Trade Agreement into law. Presidential candidate Ross Perot predicted Americans would hear a "giant sucking sound" as Mexico vacuumed up U.S. jobs. Economists say that the worst of Perot's fears never materialized. But opponents still see downsides.
December 6, 2013 Here's something you haven't heard in years: The U.S. economy had a great week, with reports showing jobs being created in several sectors, new-home sales surging and factories humming. Oh, and unemployment is the lowest it's been since 2008.
December 6, 2013 The unemployment rate fell to 7 percent and employers added 203,000 jobs to payrolls in November, according to the latest report from the Bureau of Labor Statistics. The largely positive data could build anticipation that the Federal Reserve might move to taper its stimulus program.