New York (CNNMoney) - Now that Karen Willmus can get health insurance through Obamacare, she plans to quit teaching 9th grade English at the end of the school year.
The 51-year-old found policies on the Colorado state exchange for about $300 a month. That's less than what she's paying now for employer-sponsored coverage and less than half what she paid on the individual market in 2007.FULL STORY
New York (CNNMoney) - Treasury Secretary Jack Lew told Congressional leaders Friday in essence that the full faith and credit of the United States could be in jeopardy after Feb. 27 if lawmakers don't raise the debt ceiling.
That's when Lew now estimates Treasury will run out of special accounting maneuvers to ensure all the country's bills are paid in full and on time.FULL STORY
(CNN) – President Barack Obama entered office amid the deepest recession since the Great Depression. Five years later, the economy is certainly on stronger footing than it was back then, but deep scars remain.
At around $16 trillion a year, the United States produces more in annual economic output than ever before. Home prices are rising again, businesses have been adding jobs for four straight years and the stock market recently reached all-time highs.
CNN's live, comprehensive coverage of President Barack Obama's State of the Union address starts at 7 p.m. ET Tuesday. Go to CNN.com for complete coverage or take it with you on your iPhone, iPad or Android.
New York (CNNMoney) – Despite a recent string of positive economic news, Americans say they aren't feeling the improvements.
A new CNN/ORC poll released Friday showed people were pessimistic that the economy was improving. Nearly 70% said the economy is generally in poor shape, and only 32% rated it good.FULL STORY
New York (CNNMoney) – Has the job market finally hit its stride? Hiring continued at a solid pace in November, and the unemployment rate fell for the right reasons.
The U.S. economy added 203,000 jobs in November. Economists surveyed by CNNMoney had predicted payroll gains of 183,000 jobs.FULL STORY
New York (CNNMoney) – Just because you've picked an Obamacare insurance policy doesn't mean you've got coverage.
If you want to be insured come Jan. 1, you have to pay your first month's premium by your insurer's due date, often Dec. 31.FULL STORY
New York (CNNMoney) – Illinois lawmakers approved a landmark pension reform package Tuesday that would cut retirement benefits for teachers, nurses and other retired and current state workers.
The legislation comes after years of debate on how to fix the state's ailing retirement system - considered the most troubled in the country.FULL STORY
New York (CNNMoney) – Many Americans browsing the Obamacare exchanges are finding the Affordable Care Act isn't living up to its name.
It's not just premiums that are bringing up the costs. Consumers are finding high deductibles, co-payments and other expenses that make the Obamacare policies seem more like catastrophic plans than comprehensive insurance.FULL STORY
New York (CNNMoney) – President Obama now says that it's okay with him for people to keep their individual health insurance plans for another year. But he doesn't have the power to renew their policies.
Under attack after insurers terminated non-Obamacare compliant policies for millions of Americans, Obama said Thursday the administration will allow state insurance commissioners and insurers to extend current policies through 2014 even if they don't meet all the health reform requirements.FULL STORY
New York (CNNMoney) - Let the grilling begin: Janet Yellen heads to Capitol Hill this morning to face the Senate Banking Committee in her confirmation hearing to serve as the next head of the Federal Reserve.
In opening statements released ahead of the hearing, Senator Tim Johnson, chairman of the committee, said he is "excited" to cast his vote in her favor.FULL STORY