WATCH: Federal Reserve cuts key rate for first time in a decade
The central bank cut its benchmark rate — which affects many loans for households and businesses — by a quarter-point to a range of 2 percent to 2.25 percent.
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Amid long economic expansion, why so many Americans are still struggling
The U.S. is currently in the midst of the longest economic expansion since the period following World War II. But even though the numbers are good, they don’t add up to prosperity for all Americans. William Brangham talks to Matthew…
What history teaches us about the latest stock market plunge
How are today’s stock investors going to react if the market continues to plummet?…
Business debt swells to $9 trillion, worrying investors
U.S. corporate debt has grown by nearly two-thirds since 2008, as companies continue to borrow at super-low interest rates.
Do student loan defaults pose a systemic threat analogous to the subprime default wave that helped trigger the Crash of ‘08?…
In Janesville, Wisconsin, the nation’s oldest operating General Motors assembly plant shut down in the midst of the Great Recession, two days before Christmas of 2008. As many as 9,000 people lost their jobs, and families tumbled out of the…
With improving incomes, 3.5 million people climbed out of poverty in 2015, pushing down the official poverty rate to 13.5 percent.
Elkhart, Indiana, was one of the cities hit worst by the financial crisis in 2009 and was the first city President Obama visited after taking office, though the city remains deeply divided along partisan lines. Obama will return to Elkhart…
About one quarter of all renters spend at least half of their paychecks just to keep roofs over their heads, and those numbers will only grow in the next 10 years, new research suggests.
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