(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.
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