Related Content: recession

The 4 issues dragging down the economic recovery

Essential Reads

It seems bizarre even to mention this less than two weeks after the vote, but President Obama just won an election that was all about the economy. That’s what six in 10 voters on Nov. 6 told exit pollsters they were most concerned about. Not balancing the budget, reforming the social-safety net, or making the rich pay more in taxes—rather, improving an economy still laboring to find a growth groove more than three years after the Great Recession officially ended.

Machine-gun Bernanke

Essential Reads

It is almost impossible to imagine the Federal Reserve, as currently constituted, acting more aggressively to speed up the economy than it did Thursday afternoon. After months of tinkering with monetary policy on the margins of an ongoing American jobs crisis, amid escalating cries that Ben Bernanke had run out of weapons to fight unemployment, the Fed has unleashed a full and sustained burst of monetary stimulus.

PBS NewsHour: More Americans Live in Economically Segregated Neighborhoods Than 30 Years Ago

Web content

Racial segregation in U.S. neighborhoods is on the decline, but income level is increasingly an indicator of where people live. Gwen Ifill talks to Pew Research Center's Paul Taylor about a recently released study on the connections between income inequality and neighborhood segregation.

What is the Fed Waiting For?

Essential Reads

It's best to think of the Federal Reserve today as a seventh-grade boy at a school dance, shuffling up to a girl, with all their friends watching. That music has a great beat, he says, and you sure do look like you enjoy dancing. She blinks expectantly. He opens his mouth. Then closes it, and walks away.

Fed Mulls Another Boost to Ailing Economy

Essential Reads

The Federal Reserve doesn’t usually drop hints and then fail to follow through with them. Fed officials spent much of July hinting that a new batch of monetary stimulus is in the works, both in public speeches and bugs carefully placed in influential reporters’ ears.

PBS NewsHour: Families' Plummeting Wealth Reflects 'Deep Mess' Americans Face

Web content

The net worth of the median American family fell nearly 40 percent from 2007 to 2010, the Federal Reserve reported this week. Gwen Ifill discusses the effects of and the reasons behind the precipitous decline in wealth with Paul Taylor of the Pew Research Center and Robert Shapiro of Sonecon, an economic advisory firm.

Dimon's Big Day on Capitol Hill

Essential Reads

Major Garrett, National Journal White House correspondent, and CNBC's John Harwood report on the politics behind today's Senate hearing and provide a preview of questions likely to be asked of key witness Jamie Dimon.

Dems, GOP Warily Eye News of Falling Family Wealth

Essential Reads

Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years. The economic report, released just as the presidential race is heating up, was stunning: The Great Recession shrank Americans’ wealth so much that, in 2010, median family net worth was no more than it had been in 1992 after adjusting for inflation.

CBO: Taxmageddon Would Throw U.S. Back into Recession

Essential Reads

Tax hikes and spending cuts set to take effect in January would suck $607 billion out of the economy next year, plunging the nation at least briefly back into recession, the nonpartisan Congressional Budget Office said Tuesday. Unless lawmakers act, the economy is likely to contract in the first half of 2013 at an annualized rate of 1.3 percent, the CBO said, before returning to 2.3 percent growth later in the year.

Obama launches campaign against Romney, but his real opponent is the economy

Essential Reads

President Obama formally launched his reelection campaign here Saturday with some old favorites, from “fired up, ready to go” to a closing bow to “hope and change.” But almost everything else about the day spoke to the differences between his first and second runs for the president. The president used his rallies to try to begin to disqualify Mitt Romney. Yet the coming election is still more about him than his probable Republican rival.