Sharp divisions in GOP base on raising the minimum wage
Proposals to raise the minimum wage face stiff opposition in Congress from Republicans, particularly in the House. But within the GOP base, there are sharp educational and income differences over the issue.
Public social expenditures falling in most countries but still above pre-crisis levels
New economic figures from the Organization for Economic Cooperation and Development showed an increase in public spending among developed countries during the global financial crisis, but a survey of European nations indicated publics were now looking to ratchet it down.
Around the world, governments promote home ownership
High on Congress’ long to-do list is deciding what to do about Fannie Mae and Freddie Mac, the two giant government-run companies that dominate the nation’s mortgage market (together they accounted for 78% of all mortgage-backed securities issued in the first quarter of this year). Which is another way of saying, Congress has to decide […]
Can a president control gas prices? Depends on when you ask
Can a president control gas prices? The answer depends on whether you ask a Republican or a Democrat — and which party occupies the White House.
Obama returns focus to America’s struggling middle class
As President Obama prepares to make a “major” speech on the economy today, our past reports describe the challenges the middle class has faced in the past decades.
New capital rules require U.S. banks to fatten their wallets
Banks are going to have to hold more capital as a cushion against losses, under new rules adopted today by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. The Federal Reserve Board, which developed the rules jointly with the other banking regulators, approved them last week. The new capital rules, intended […]
Obama Job Approval Holds Steady
Barack Obama’s job approval rating has changed little in the past month, despite a series of recent controversies. In part, Obama is benefiting from improving views of the economy – the share rating the nation’s economy as excellent or good has doubled over the past year.
Economic recovery favors the more-affluent who own stocks
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
Most Say Disaster Spending Does Not Require Offsetting Cuts
As Oklahoma recovers from last week’s tornado, a majority of Americans (59%) say federal spending in response to natural disasters is emergency aid that does not need to be offset by cuts to other programs, while 29% say it does.
Public wants tax reform. But what kind of reform?
While Americans increasingly see the tax system in need of repair, there is no consensus about its biggest shortcomings.