Barclays, Weighed Down by Litigation Charges, Reported Loss in 2014
LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as the British bank’s annual results were dragged down by charges related to potential fines and…
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LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as the British bank’s annual results were dragged down by charges related to potential fines and…
As the country has slowly recovered from the Great Recession in recent years, many workers have been forced to take on part-time or temporary work, as full-time options are often…
WASHINGTON — Gene Alday, a Republican member of the Mississippi state legislature, apologized last week for telling a reporter that all the African-Americans in his hometown of Walls, Mississippi, are…
“Chair Yellen was engaged, gracious and asked key questions,” Steve Lonegan, the director of monetary policy at the American Principles in Action who organized the meeting, told CNN after the…
WASHINGTON — Republicans in the House of Representatives on Wednesday started in on a “top-to-bottom” review the Supplemental Nutrition Assistance Program, commonly known by its former name, food stamps —…
WASHINGTON — The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-Ore.). As the top Democrat on the Senate Finance…
This story was originally published on 24/7 Wall St. The ongoing debate over income inequality has picked up steam, especially as the economic recovery is widely considered to be benefiting…
Christopher, 27, grew up in a well-to-do family, went to college and landed a good job with a six-figure income. He lived in a beautiful home and drove a nice…
This piece was originally published on Capital & Main. As it pushes historic levels, inequality has become a hot topic. Activists have organized around the rich-poor divide, with “The One…
With advice from more than 200 policy experts, Hillary Rodham Clinton is trying to answer what has emerged as a central question of her early presidential campaign strategy: how to…
What can a New York City subway ride tell us? In the work of Brian Foo, it offers a unique way to examine income inequality across different parts of the…
Voters in three key battlegrounds support tax hikes on the rich. The share of adults living in middle income households has narrowed. And Hillary Clinton’s support is greater now than…
I can’t believe I’m writing this, but: California, you’ve got a heck of a lot to learn from Mississippi. Not in terms of per capita income, obesity rates or LGBT…
President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds…
WASHINGTON — More than 100 faith leaders and protesters affiliated with the Moral Monday movement staged a protest at the North Carolina legislature Wednesday, continuing for a third straight year…
“It bothers me that statistically the greatest predictor of a child’s financial security in the United States is the financial circumstances of their parents,” said Carville, a former CNN contributor….
WASHINGTON — The economic vision President Barack Obama laid out in last Tuesday’s State of the Union has widespread appeal, as do many of his key policy proposals — but…
With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed…
In his State of the Union address last week, President Barack Obama cheered rising wages. What he didn’t mention is that much of the income gained since the recession has…
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a…
Click here to see the states where the middle class is dying. The American economy is by many measures well on the road to full recovery. The national unemployment rate…
President Obama’s new tax plan includes some sensible ideas. Unfortunately, it would mean increasing taxes on saving and investment, which are key drivers of economic growth, according to various experts….
READ: Top health official involved with Obamacare resigns According to a copy of the letter obtained by CNN, “The committee is concerned … that sensitive consumer information submitted by visitors…
Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation’s tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on…
“No-income-tax states like Washington, Texas and Florida do, in fact, have average-to-low taxes overall. However, they are far from ‘low-tax’ for poor families,” the report notes. In Illinois, there is…
For low-income filers, a big part of their refund is due to the Earned Income Tax Credit, which they can claim as long as they hold a job. The EITC…