Auto, Mortgage Delinquencies Rise in Energy Regions

The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its (more...)

Thanks to GOP, Washington’s Summer Spending Spree Has Started

Washington’s summer spending spree is off to a very bad start for taxpayers. Congress couldn’t agree on a budget deal earlier this spring, but that isn’t stopping them from passing spending bills at historic levels. And P (more...)

Fed’s Harker Sees Two to Three Hikes in 2016 as Prices Gain

Federal Reserve Bank of Philadelphia President Patrick Harker said that he could see two to three rate hikes in 2016 and that prices will return towards the central bank's inflation target over the medium term. (more...)

We Know What’s Solving Poverty Around the World

For nations all around the world, as well as right here at home, lawmakers struggle with how to achieve economic and social progress. Data collected annually in the Index of Economic Freedom demonstrate that the principles of economic freed (more...)

Good News on Gas Prices Heading Into Memorial Day Weekend

oil-pump-price-fall_3.jpg ERIC GAILLARD Beth BravermanMay 24, 2016Although they’ve been on the rise for the past two weeks, gas prices are at levels that haven’t been seen in over a decade heading (more...)

It’s the end of Goldman Sachs as we know it

The bank has radically redefined itself in the wake of the global financial crisis. (more...)

Why US Companies Have Record Amounts of Cash — and Debt

markets-safrica-currency_1.jpg © Siphiwe Sibeko / Reuters By Jeff Cox,CNBCMay 23, 2016That American companies have been wadding up huge amounts of cash is no secret. What may be less well-known is that t (more...)

Three Ways Obama’s New Overtime Rule Hurts the Economy and Workers

usa-obama-police_3.jpg JONATHAN ERNST Diana Furchtgott-RothMay 22, 2016Most bad policies harm the economy in one identifiable way.  But the Labor Department’s new overtime rule, released on Ma (more...)

Fed Hike Threat Has Wall Street Braced for the Worst

05192016_Yellen_Fed_NYSE.jpg REUTERS/Lucas Jackson Anthony MirhaydariMay 19, 2016A long lull in the stock market looks set to end. It’s been nearly a year since the S&P 500 hit its all-time high. Th (more...)