New York (CNNMoney) - The October jobs report will come out on Friday morning as scheduled, the Department of Labor announced Wednesday.
With Superstorm Sandy closing federal offices for two days, the department's ability to produce the highly-anticipated report was thrown into doubt. The report will provide a last look at the health of the job market before Tuesday's presidential election.FULL STORY
(CNNMoney) - House Republicans want to overhaul the nation's safety net by turning Medicaid and food stamps into block grants and making recipients work for certain benefits.
This would reduce the financial burden on the federal government, allow the states greater flexibility to adjust the programs and give the poor a more solid ladder to rise to the middle class, they say.FULL STORY
New York (CNNMoney) - The Great Recession has dealt Nevada a losing hand.
The Silver State, which will hold the Republican caucus on Saturday, has the dubious distinction of leading the nation in unemployment, foreclosure filings and share of homes worth less than the mortgages on them.FULL STORY
New York (CNNMoney) – Both Republican presidential candidates and President Obama think many Americans aren't paying their fair share of income tax.
They just have very different ideas of who should be paying more.FULL STORY
NEW YORK (CNNMoney) - Texas Governor Rick Perry likes to brag that his state is an economic powerhouse. But don't tell that to the nearly one in five Texans who are living below the poverty line.
While it's true that Texas is responsible for 40% of the jobs added in the U.S. over the past two years, its poverty rate also grew faster than the national average in 2010.FULL STORY
NEW YORK (CNNMoney) - Texas has created a lot of jobs over the 10 years that Rick Perry's been governor - there's no doubt about it.
Perry, who is formally launching his presidential candidacy on Saturday, is making his state's economic prowess a centerpiece of his campaign. Already he's been bragging about his state being the "epicenter of job growth."FULL STORY
NEW YORK (CNNMoney) - The Minnesota shutdown is over.
Governor Mark Dayton signed a $35.7 billion budget on Wednesday, ending the longest state shutdown in recent history.
The signing came shortly after lawmakers approved a two-year spending plan in the wee hours of the morning. It ended a impasse that shuttered much of the state government for the past 19 days.FULL STORY