Washington (CNN) - Two-thirds of Americans say that the nation's economy is in poor shape, but a new national poll indicates there are a few glimmers of optimism.
According to a CNN/ORC International survey released Friday morning, a third of the public says economic conditions are good right now. That's up seven percentage points from the 26% who felt that way in a CNN poll from December. And the 67% who rate the nation's economic conditions as poor is down from 74% at the end of last year.
(CNN) - President Barack Obama highlighted his recent jobs tour Saturday, emphasizing a need to focus on improving the economy rather than getting distracted by other issues in the nation’s capital.
“That’s why I like getting out of the Washington echo chamber whenever I can – because too often, our politics aren’t focused on the same things you are,” Obama said in his weekly address. “Working hard. Supporting your family and your community. Making sure your kids have every chance in life.”
(CNN) – As the stock market continues to show record highs, the number of Americans who say things are going well in the country has reached 50% for the first time in more than six years, according to a new national survey.
Washington (CNN) – Congress returned to work Monday on the first weekday of forced spending cuts, with President Barack Obama and Republicans sticking to deeply entrenched positions that have caused a series of showdowns manufactured by Washington politics.
Most predicted impacts of the $85 billion in cuts that took effect on Friday - such as unpaid furloughs for government workers - won't be evident until April at the earliest, officials say.FULL STORY
(CNN) - While a growing chorus in Washington, including President Barack Obama, House Speaker John Boehner, multiple Cabinet secretaries, and some political pundits, criticize deep, automatic spending cuts set to take effect on March 1, the White House and Congress have yet to come up with an alternative to avoid them.
With the imposition of at least some of them appearing more and more likely, here's a look, by the numbers, at Washington's self-imposed budget austerity (aka "sequestration" or the "sequester").FULL STORY
Washington (CNN) - John Kerry, the new secretary of state, jokingly calls himself a "recovering politician."
After 28 years in the Senate, he now finds himself "sort of walking a new line," as he says, not allowed to mix politics with international policy.FULL STORY
Washington (CNN) – On Tuesday night Republican Rep. Paul Ryan took issue with President Barack Obama's proposal to increase the minimum wage arguing it will hurt, not help, the working poor.
"The goal ought to be to get people out of entry level jobs and into better jobs, better paying jobs. That's better education, that's a growing economy," the chair of the House Budget Committee said in an interview with CNN's Jake Tapper, "I don't think raising the minimum wage, and history's very clear about this, doesn't actually accomplish those goals."
(CNN) – President Barack Obama blamed the "fiscal cliff" standoff in Congress for the contraction in the U.S. economy at the end of 2012 and weighed in on the safety of football in a pre-Super Bowl interview Sunday.
During the seven-minute live session with CBS host Scott Pelley, Obama said new concerns about the long-term effect on players "means the game is probably going to evolve."FULL STORY
New York (CNNMoney) – Uncle Sam cut spending in the fourth quarter of 2012, causing the U.S. economy to contract for the first time in more than three years.
Gross domestic product, the broadest measure of the nation's economic growth, contracted at an annual rate of 0.1% from October to December, the Commerce Department said Wednesday. It was the first quarterly contraction since the second quarter of 2009, amid the Great Recession.FULL STORY
(CNN) – The eleventh-hour compromise that avoided the fiscal cliff cannot be repeated when it comes time to raise the nation's debt ceiling, top lawmakers agreed Sunday.
But whether Republicans and Democrats can agree on how to raise the debt ceiling - specifically, whether or not to pair the increase with spending cuts - remains to be seen.