The Center for Economic and Policy Research's Dean Baker joins Christopher Hayes to answer the question: if Tea Party freshmen vote to not raise our debt ceiling as they vowed to do on the campaign trail, will government grind to a halt and bring the US economy down with it?
To restore economic stability, the US must rethink its approach to domestic manufacturing.
Angelo Mozilo, former CEO of Countrywide Financial, has just agreed to pay $67.5 million SEC fine. But the landmark 2008 settlement with Bank of America, which had acquired Countrywide that year, has done little to help defrauded homeowners.
The Titanic that is the US housing market has just sprung its biggest leak.
Surely Michelle Obama knows that this administration has thrown trillions at the banks in hope that they would respond with mortgage relief for struggling homeowners—and gotten nothing in return.
A White House deficit commission is reportedly considering deep benefit cuts for Social Security. We can and must address our deficit without punishing America’s workers, senior citizens, the disabled, widows and orphans.
Paul Volcker, head of Obama's Economic Recovery Advisory Board, nailed the cause of our financial hardship in a series of blistering remarks on the sorry state of our economy.
The Republicans' "Pledge to America" demands dramatic cuts to the federal budget, cuts that can only come from one place: Social Security.
The Obama administration, unwilling to confront Wall Street, surrendered the substance as well as the rhetoric of a meaningful populist response to the faux insurgents of the Tea Party.
The Obama Administration, unwilling to confront Wall Street, surrendered the substance as well as the rhetoric of a meaningful populist response to the faux insurgents of the Tea Party.