New York (CNNMoney) – There are many assumptions about what the effects of Obamacare will be. This series aims to separate myths from realities and answer questions surrounding the Affordable Care Act.
Myth: Young people will pay a lot more for insurance under Obamacare.FULL STORY
New York (CNNMoney) – After months of contentious public debate, Larry Summers has withdrawn his name from consideration to become the next chairman of the Federal Reserve, sources familiar with the decision confirmed to CNN.
President Obama said he spoke with Summers earlier Sunday and accepted his decision.FULL STORY
Washington (CNNMoney) – Hiring continued at a slow pace in August, and the unemployment rate fell as more Americans dropped out of the labor force.
The U.S. economy added 169,000 jobs in August, the Department of Labor said Friday.FULL STORY
New York (CNNMoney) – The potential U.S. military strike in Syria is raising moral and political quandaries for Washington. Does it raise a fiscal problem as well?
After all, the Pentagon's budget has been curtailed recently in ways that top officials have warned would create a "hollow" force over the next decade.FULL STORY
New York (CNNMoney) – Millions of Americans won't have to pay full price for their Obamacare health insurance next year. But just how much they'll have to fork over depends on a couple different things.
Thanks to subsidies from the federal government, which will help pay for health insurance on state-based exchanges starting in 2014, many low- to moderate-income Americans will get a break on their premiums.FULL STORY
New York (CNNMoney) - For employers who rely on unpaid interns, it's been the summer of reckoning.
Hundreds of interns have filed lawsuits or raised complaints over working long hours for free. But one group of former interns is sidestepping the courtroom and going straight to the White House to fight for fair compensation.FULL STORY
New York (CNNMoney) – Swipe your card at a local store and you might be creating some serious tax headaches for the business owner.
The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of "possible income under-reporting."FULL STORY
New York (CNNMoney) – Get ready to shell out more money for individual health insurance under Obamacare ... in some states, that is.
While many residents in New York and California may see sizable decreases in their premiums, Americans in many places could face significant increases if they buy insurance through state-based exchanges next year.FULL STORY
New York (CNNMoney) - Female economists aren't the only ones who want Janet Yellen to be the new Federal Reserve chair.
A CNNMoney survey of 21 economists - mostly male - showed lots of support for Yellen and virtually none for the other frontrunner, former Treasury Secretary Larry Summers. While gender was not a factor in the survey's recipients, only two of the respondents were women. A separate survey by CNNMoney that polled only female economists, showed overwhelming support for Yellen.FULL STORY
New York (CNNMoney) - Janet Yellen is the best candidate to succeed Ben Bernanke as head of the Federal Reserve, and gender should have absolutely nothing to do with it. That's the overwhelming consensus from a CNNMoney survey of top female economists.
Last week, we sent a questionnaire to 100 female economists in academia and the private sector, several who have worked with Larry Summers and Yellen in the past. We asked them to choose: Which of these two top contenders is their preferred candidate for Federal Reserve chair?FULL STORY