State of the Union: Economy - for many, a slow recovery
January 27th, 2014
11:07 AM ET
7 months ago

State of the Union: Economy - for many, a slow recovery

(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.
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Filed under: CNNMoney.com • Economy • State of the Union
January 6th, 2014
06:22 PM ET
8 months ago

Senate confirms Yellen as Fed Chair

New York (CNNMoney) - The U.S. Senate has confirmed Janet Yellen to serve as the next chair of the Federal Reserve, after Ben Bernanke finishes his second term at the end of the month.

Senators voted 56 to 26 in her favor, with many missing the vote because of inclement weather. Several Republicans broke party ranks in support of Yellen.

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Filed under: Federal Reserve • Janet Yellen • Senate
Obama to nominate Janet Yellen as Fed chair
October 8th, 2013
07:51 PM ET
11 months ago

Obama to nominate Janet Yellen as Fed chair

New York (CNN Money) - President Obama will nominate Janet Yellen to serve as the next chair of the Federal Reserve, a senior White House official said Tuesday.

The announcement will be made on Wednesday at 3:00 p.m., the official said.

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Filed under: Federal Reserve • White House
Economists to Obama: Pick Yellen for Fed chair
September 11th, 2013
09:48 AM ET
11 months ago

Economists to Obama: Pick Yellen for Fed chair

New York (CNNMoney) - More than 300 economists have signed a letter urging President Obama to nominate Janet Yellen as the next Federal Reserve chair.

"Dr. Yellen is superbly qualified," the letter says.

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Filed under: Federal Reserve
Hiring slumps in July
August 2nd, 2013
08:32 AM ET
1 year ago

Hiring slumps in July

New York (CNNMoney) - The job market hit a speed bump in July, as hiring slowed and both hours worked and wages fell slightly.

The U.S. economy added 162,000 jobs in July, falling below forecasts. Economists surveyed by CNNMoney had predicted employers would add 180,000 jobs.

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Filed under: Jobs
U.S. economy grew 2.7% in third quarter
November 29th, 2012
08:55 AM ET
3 months ago

U.S. economy grew 2.7% in third quarter

New York (CNNMoney) - The U.S. economy grew faster than previously reported in the third quarter, as businesses built up their inventories and international trade was stronger than expected.

Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2.7% from July to September, the Commerce Department said Thursday, faster than the 1.3% rate in the second quarter, and better than originally reported.

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Filed under: Economy