Dec 12 Column: Paul Volcker’s legacy, an independent Federal Reserve, is under threat By Michael W. Klein One of Volcker's legacies is taming the runaway inflation that posed an existential threat to the U.S. economy in the late 1970s. Less discussed is just how important he was to establishing the principle of an independent Federal Reserve. Continue reading
Dec 11 These 4 changes helped Trump and Democrats agree to the USMCA trade deal By Courtney Vinopal Democratic lawmakers and the White House are both claiming victory for the major North American trade deal that is now expected to win approval from Congress after more than a year of deadlock. Continue reading
Dec 11 What Americans should know about Saudi Aramco’s IPO By Gretchen Frazee The company, which is now considered the most profitable in the world, is valued at more than $1.8 trillion. Continue reading
Dec 11 Federal Reserve leaves interest rates unchanged and foresees no moves in 2020 By Christopher Rugaber, Associated Press The Fed's decision follows three rate cuts earlier this year. Continue reading
Dec 11 For-profit colleges that get GI Bill money need more oversight, veterans say By Jasper Craven, The Hechinger Report Internal government documents, watchdog reports and interviews suggest that little has been done to crack down on colleges accused of predatory behavior. Continue reading
Dec 11 Saudi Aramco stock gains 10 percent after it begins trading By Aya Batrawy, Associated Press Aramco, owned by the state, has sold a 1.5 percent stake in the company, pricing its shares before trading at 32 Saudi riyals, or what is $8.53. Continue reading
Dec 10 How the economics Nobel laureates’ methods could help fight poverty in the U.S. By Vincent Quan, Econofact Abhijit Banerjee, Esther Duflo, and Michael Kremer's experimental-based approach is being used to tackle poverty and other social issues in the U.S. Continue reading
Dec 09 Watch 2:15 Remembering former Fed chair and economic giant Paul Volcker By Paul Solman Paul Volcker, who served as chair of the Federal Reserve for two presidents, died Monday. His passing came 40 years after he drove interest rates to record highs in an effort to tame double-digit inflation. Known for his height and… Continue watching
Dec 09 Trump and Democrats in tentative deal on USMCA trade pact By Andrew Taylor, Lisa Mascaro, Associated Press Details still need to be finalized and the U.S. Trade Representative will need to submit the implementing legislation to Congress. Continue reading
Dec 09 Inventor of widely used bar code dies at 94 By Associated Press George J. Laurer's invention, the Universal Product Code, transformed retail and other industries around the world. Continue reading