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.
(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.
New York (CNNMoney) - More than one in three Americans lived in households that received Medicaid, food stamps or other means-based government assistance, according to a new report.
And when Social Security, Medicare and unemployment benefits are included, nearly half of the nation lived in a household that received a government check, according to the analysis of third-quarter 2010 Census data done by the Mercatus Center at George Washington University. That's more than 148 million Americans.
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.
New York (CNNMoney) – Senior citizens will soon get their first raise in three years, the government announced Wednesday.
Social Security recipients will receive a cost of living adjustment of 3.6% starting in January.
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.
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.
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."
NEW YORK (CNNMoney) - Social Security payments aren't the only federal lifeline that could grind to a halt if the debt ceiling impasse continues beyond Aug. 2.
The federal government supports myriad safety net programs, such as unemployment insurance, tuition grants, food stamps, child care subsidies and housing assistance. That's not to mention the nation's massive health insurance programs: Medicare and Medicaid.
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.