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
(CNN) - While Americans may still deck the halls and stuff the stockings this Christmas, a new poll finds that the state of the economy is playing a major role in how Americans will celebrate it in 2013.
According to the CNN/ORC International poll, Americans plan to curtail their Christmas gift giving and charitable contributions due to economic concerns, while a sizable minority of Americans, 37%, report that the economy will make the Christmas holiday more stressful.FULL STORY
New York (CNNMoney) – The American Dream is supposed to mean that through hard work and perseverance, even the poorest people can make it to middle class or above. But it's actually harder to move up in America than it is in most other advanced nations.
It's easier to rise above the class you're born into in countries like Japan, Germany, Australia, and the Scandinavian nations, according to research from University of Ottawa economist and current Russell Sage Foundation Fellow Miles Corak.FULL STORY
Washington (CNN) – There will be plenty of legacy items by which to judge President Barack Obama.
Obamacare, for instance: Whether the new law that seeks health insurance for every American is a prudent piece of policy or an albatross of government overreach is a matter of opinion. How about drawing down the wars in Iraq and Afghanistan? What about his efforts to police suspected terrorists abroad through the use of deadly drone strikes?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
Updated 1:41 p.m. ET, 12/4/2013
Washington (CNN) – The growing gap between rich and poor Americans is threatening the ideals the country was founded upon, President Barack Obama said in remarks Wednesday that appeared to signal a leftward turn in his economic agenda.
Making sure that the U.S. economy works for every working American is "the defining challenge of our time," Obama said in a speech at the Center for American Progress, a liberal think tank. He later said the "dangerous and growing" income and opportunity gap is jeopardizing the notion that if people work hard, they can get ahead.
Washington (CNN) – Americans views on the state of the nation are turning increasingly sour, according to a new national poll.
And a CNN/ORC International survey released Friday also indicates that less than a quarter of the public says that economic conditions are improving, while nearly four in ten say the nation's economy is getting worse.
Washington (CNN) - Senate Majority Leader Harry Reid said Thursday he wants to pass an increase in the minimum wage in the next two weeks.
"I'm going to try to do it this month," Reid said after leaving a closed Democratic caucus meeting on the issue in the Capitol.
WASHINGTON (CNN) - While never mentioning President Barack Obama by name, Nevada's governor assailed the president's leadership of the country's economy and criticized the White House for refusing to engage with Republican opposition in Congress.
"Good executives, like all good leaders, must expect opposition when making decisions or when making or enforcing the law," Gov. Brian Sandoval said. "But executives must engage those that disagree with them."