The media are covering Washington's latest fiscal crisis basically as a spectacle-the way local news now covers traffic accidents, crime scenes, and big storms.
At least 800,000 of the nation's 2.1 million federal workers will be required to stay home Tuesday if the government shuts down as a result of Republican grandstanding.
The world's largest industrial, worker-owned and run cooperative, Spanish-based Mondragon and its bank, Laboral Kutxa, agreed to partner with U.S. based National Cooperative Bank to invest in U.S. cooperative businesses.
Detroit is the canary in the coalmine, warned speakers at a public forum on the city's bankruptcy, held this past Saturday, sponsored by Congressman John Conyers Jr.
LOS ANGELES - Sen. Elizabeth Warren, the outspoken Massachusetts Democrat, told delegates at the 2013 AFL-CIO Convention here Sunday that the agenda of the labor movement and its allies has always been and continues to be the agenda of the American people.
The Jackson Hole conference attended by many of the world's top economists, central bankers and policy makers revealed divisions over current Fed stimulus policy.
According to a new report, workers' wages "have been dead in the water for a decade," but the trend can be reversed with job-creating investment in infrastructure and education, and a minimum wage raise.
The U.S. unemployment rate in July was 7.4 percent, the Bureau of Labor Statistics reported, down 0.1 percent from the month before. A separate survey reported businesses claimed to create a net of 162,000 new jobs last month.
The president framed the economic tasks ahead of the country as one of fixing structural problems that go well beyond the current financial crisis.
At the current slow rate of economic recovery, it will take until 2020 to close the gap in the labor market, says a top economist.