The Federal Reserve's policymakers seem to be reluctant to consider any more efforts to inject a monetary stimulus into the U.S. economy — but that doesn't mean you should expect the central bank to raise interest rates any time soon.
A tax-the-rich proposal named after Warren Buffett has little chance of passing this year, but that hasn't stopped the debate over what impact it would have.
Some economists are skeptical that a 30 percent minimum tax on people with million-dollar incomes — known as the "Buffett rule" — would do much to reduce the deficit or boost the economy. But the Obama administration says the proposal is necessary to make the tax code more equitable.
The World Bank is expected to announce its new president in the next several days. For the past six decades, the bank has been led by an American. President Obama has already nominated Dartmouth College President Jim Yong Kim for the job. But for the first time in its more than 60-year history, there is serious international competition for the job.
At the end of most previous recessions, hiring has increased among state and local governments, helping the broader economy to recover.
That's not happening this time around.
Layoffs have started to taper off, and tax receipts are starting to improve. But states are still a long way from bringing their workforces back up to pre-recession levels. And cities and counties remain in greater fiscal peril.