Washington (CNN) - While warning there is much more to be done to get to a healthy economy, National Economic Council Director Gene Sperling said, "I would still be cautiously optimistic that the general notion is that there are positive trends in the economy."
Sperling said that he believes data that has been coming out about the economy weakening, including slow housing starts, will probably turn out to be weather related. But he did concede that while the economy is on the right track it is, "not good enough," adding that the country "needs stronger growth."
updated 1:00pm ET
Washington (CNN) – Five years after the signing of the American Recovery and Reinvestment Act of 2009 into law, the measure, which is better known as the Stimulus or Recovery Act, was roundly criticized once again by Republicans.
"The Stimulus That Wasn't: Five Years Later, It's Clear Obama's Stimulus Was A Waste Of Taxpayer Dollars," was the headline on an email blast from the Republican National Committee Monday morning.
Washington (CNN) - Although nearly two-thirds of Americans still give the nation's economy a thumbs down, the percentage who rate the current economic conditions as good now stands at its highest level in six years, according to a new national poll.
And when it comes to the economic blame game, a CNN/ORC International survey released Thursday also indicates that the percentage of people who still blame former President George W. Bush and the Republicans more than President Barack Obama and the Democrats for the country's economic problems is dropping.
(CNN) – A majority of Americans surveyed believe the government should work to reduce the income gap between rich and the poor, according to a new national poll.
A CNN/ORC International survey released Wednesday indicates more than six in 10 Americans strongly or somewhat agree that the government should work to narrow that gap, compared to 30% who believe it should not.
New York (CNNMoney) - Many workers may opt to work less to retain their eligibility for Medicaid or federal subsidies under Obamacare, a new report has found.
The Affordable Care Act could reduce the labor force by the equivalent of 2.5 million workers in 2024, according to the non-partisan Congressional Budget Office's annual outlook.FULL STORY
Washington (CNN) – With the White House seizing on income inequality as a key issue ahead of this year’s midterm elections, President Barack Obama’s top economic adviser on Friday brushed off “class warfare” charges from the nation’s wealthiest citizens as “hyperventilation."
Appearing at a Christian Science Monitor breakfast in Washington, Jason Furman, Chairman of the White House Council of Economic Advisers, was asked how the administration plans to talk about inequality without stoking paranoia among the rich.
(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.
(CNN) - Sen. Rand Paul on Sunday clarified comments he made last week about the government's role in discouraging women from having children out of wedlock as a way to stem poverty.
The Republican senator from Kentucky said on CNN's "State of the Union" that he didn't "come up with a policy prescription," such as limiting government aid, but rather said it's up to communities to resolve the problem, which he called the No. 1 cause of poverty in the country.
Washington (CNN) - Nearly 50 million. That’s how many Americans are living in poverty today. It’s an obvious problem, but unfortunately without an obvious solution.
President Barack Obama last week announced economic “Promise Zones,” aimed at hard-hit areas, where the administration is trying to attract investments for improving job creation, education, affordable housing and overall economic security.
Washington (CNN) – This year will be a year of change, according to President Obama and Sen. Thad Cochran, R-Mississippi.
In separate weekly addresses, both promised action on what they consider the most important issues the country faces - the economy and Obamacare, respectively.