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.
New York (CNNMoney) – Only days after the debt ceiling and government shutdown showdown ended, Treasury Secretary Jack Lew promptly waded into the next fiscal fight: forced spending cuts known as the sequester.
He laid out the Obama administration's case in an op-ed for The International New York Times that the failure to replace the across-the-board "blunt spending cuts" would hurt the U.S. economy.