November 11, 2012 From higher payroll taxes to automatic cuts in military spending, the looming budget crisis could drag the economy back into recession and create turmoil in the financial markets, economists say. To better understand what's at stake, have a look at some of the key phrases involved in the crisis.
November 7, 2012 Concerned that the White House and Congress won't be able to agree on how to avoid deep spending cuts and tax increases, many investors sold stocks.
November 4, 2012 When the presidential candidates speak about the "middle class," they're making a safe bet that you'll think they're talking to you. The middle class doesn't have an economic definition, and Americans of widely varying income levels identify with it. The class-based term seems to have lost its distinction.
November 2, 2012 The estimated price tag for Superstorm Sandy could run as high as $50 billion. But homeowners and businesses in the Northeast aren't just dealing with damage from Sandy; they're also dealing with insurance companies. And figuring out what's covered and what's not can get very complicated.
October 29, 2012 Like millions of other people, I stocked up on canned food this weekend. Why didn't grocery stores raise prices to take advantage of the pre-hurricane rush?
October 26, 2012 The economy is growing and consumer confidence is rising. But the data are too mixed to point to a robust economy. And it may be too late anyway to change voters' impressions.
October 24, 2012 Both President Obama and Mitt Romney have suggested ways to scale back the deduction's value for wealthy taxpayers. It's one of the keys to helping reduce the federal budget deficit, but the real estate industry says the housing market is too fragile to eliminate the tax break altogether.
October 24, 2012 A new study from the American Association of University Women finds new female college graduates educated the same as men and who have similar professional opportunities earn 82 cents to every dollar a male graduate earns.