The Consumer Price Index, the Labor Department’s yardstick of inflation, indicated greater inflation in January than had been anticipated. Paul Solman discusses how the CPI determines inflation and the meaning of this new report. Continue reading
- It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own.
Question/Comment: It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own. Isn’t that what we’ve been doing at the rate … Continue reading
Congressional leaders and the White House reached an agreement Thursday for an economic stimulus package that would include rebate checks for millions of taxpayers and incentives for businesses to invest in new capital. A panel of economic experts examines how the proposal may help ease economic concerns across the country. Continue reading
Global stocks largely rebounded on Tuesday after concerns over a weakened U.S. economy sent international markets tumbling. Jim Fallows of the Atlantic Monthly discusses how China’s lending and asset buying impact the U.S. markets and economic stability. Continue reading
Federal Reserve Chairman Ben Bernanke has called for government action to revive the slowing U.S. economy, in a key test of his tenure as the head of the central bank. Two business reporters consider how Bernanke is responding to the economic downturn and how his background has prepared him to be a key decision maker. Continue reading
President Bush spoke with congressional leaders Thursday about an economic rescue package as Fed chief Ben Bernanke testified on Capitol Hill that it is “critically important” that a stimulus effort take effect quickly. Members of the House budget panel detail the debate over what provisions the package should include. Continue reading
Rep. Charlie Rangel, D-N.Y., has proposed a plan to eliminate the alternative minimum tax, designed in 1969 to ensure wealthy Americans paid their fair share of taxes but which was never indexed for inflation. Rangel and Rep. James McCrery, R-La., debate the tax plan. Continue reading