Female economists: Pick Janet, but leave gender out of it!
Only 17 of 177 central bank heads around the world are women. Female economists surveyed by CNNMoney would like to see Janet Yellen become number 18 .
August 5th, 2013
10:11 AM ET
9 months ago

Female economists: Pick Janet, but leave gender out of it!

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

Filed under: CNNMoney.com • Federal Reserve
Washington's budget brawl: 8 things you need to know
August 5th, 2013
07:23 AM ET
9 months ago

Washington's budget brawl: 8 things you need to know

New York (CNNMoney) – When Congress returns from its five-week summer break in September, lawmakers will face some make-or-break fiscal issues that they have once again left to the last minute.

The stars seem aligned for an ugly fight over the federal budget, automatic spending cuts and the debt ceiling.

FULL STORY

Filed under: Budget • CNNMoney.com
Government shutdown won't shut Obamacare: Report
July 30th, 2013
05:56 PM ET
9 months ago

Government shutdown won't shut Obamacare: Report

Washington (CNNMoney) – Obamacare would keep running even in a government shutdown, a new congressional report suggests.

The new health care law draws funding from sources that are not subject to the congressional budget process, according to the nonpartisan Congressional Research Service. Also, the revenue collected under Obamacare is considered to be part of a category that ensures the "safety of human life or the protection of property," which makes it immune to government shutdowns, the report said.

FULL STORY

Filed under: CNNMoney.com • Health care
Who loses out under Obamacare?
July 25th, 2013
10:17 AM ET
9 months ago

Who loses out under Obamacare?

(CNN) – When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured.

These folks - mainly low-income adults in the 21 states that aren't expanding Medicaid - will not be eligible for either the long-standing government health insurance program for the poor, or for premium subsidies in the new exchanges.

FULL STORY

Filed under: CNNMoney.com • Health care
For Fatburger and others, Obamacare delay came too late
July 8th, 2013
07:23 AM ET
9 months ago

For Fatburger and others, Obamacare delay came too late

New York (CNNMoney) - Delaying the Obamacare employer mandate has simply put off rules business had already started adjusting to.

Under the Affordable Care Act, companies with 50-plus full-time employees must start offering them health insurance or face stiff penalties. The employer mandate had been set to kick in January 2014, but was pushed back a year.

FULL STORY

Filed under: CNNMoney.com • Health care
June jobs report: Hiring beats expectations
July 5th, 2013
08:58 AM ET
10 months ago

June jobs report: Hiring beats expectations

New York (CNNMoney) - The job market made some headway last month, as hiring continued at a pace that beat expectations.

The economy added 195,000 new jobs in June, the Labor Department reported Friday, the same as the hiring pace in May, which was revised higher. Meanwhile, the unemployment rate remained unchanged at 7.6%.

FULL STORY

Filed under: CNNMoney.com • Economy • Jobs
Federal housing offices to close in worst foreclosure areas
June 18th, 2013
08:10 AM ET
10 months ago

Federal housing offices to close in worst foreclosure areas

Washington (CNNMoney) – Tampa homeowners probably need the government's help more than in other places.

After all, Florida's Tampa Bay reported the nation's third highest rate of foreclosures as recently as May. But those seeking in-person help from the government will be out of luck.

FULL STORY

Filed under: CNNMoney.com • Florida
Krueger to leave White House post
May 28th, 2013
07:19 PM ET
11 months ago

Krueger to leave White House post

(CNN) – Top White House economic adviser Alan Krueger is leaving the Obama administration and returning to Princeton.

"I am deeply grateful to President Obama for the opportunity to serve twice in this administration,” Krueger, the chairman of the president's Council of Economic Advisers, said in a statement on Tuesday. "It has been one of the highest privileges of my life to serve the American people."
FULL POST


Filed under: Alan Krueger • CNNMoney.com
Senate to vote on proposed Internet sales tax law
May 6th, 2013
07:28 AM ET
12 months ago

Senate to vote on proposed Internet sales tax law

New York (CNNMoney) - The U.S. Senate is expected to vote on a long-debated Internet sales tax law Monday, paving the way for millions of consumers to start paying sales tax on online purchases.

The legislation would allow the 45 states (and the District of Columbia) that currently charge sales taxes to require large online retailers to collect tax on purchases made by their residents. The law would only apply to online sellers that have sales of at least $1 million in states where they don't have physical operations, like a store or a warehouse.

FULL STORY

Filed under: CNNMoney.com • Senate • Taxes
Furlough means I can't pay my student loan
March 28th, 2013
09:57 AM ET
1 year ago

Furlough means I can't pay my student loan

Washington (CNNMoney) – Upcoming furloughs mean a 20% pay cut for thousands of federal workers - and some tough budgeting choices. For many, student loan payments will be the first to go.

Laurie Vroman has already made her decision. She has three young children and makes $41,000 a year as a management assistant at an Army arsenal near Albany, N.Y.

FULL STORY

Filed under: Budget • CNNMoney.com
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