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Nation Topics - Economy

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The track record of Obama's Treasury secretary nominee shows his financial incompetence and support for radical deregulation, leaving little hope that he will reign in Wall Street.

Dollar bills

In the looming debt-ceiling fight, progressives must make the case for protecting social programs, raising revenues and cutting the Pentagon budget.

What really happened on Capitol Hill this week, and a look ahead to the budget battles on the horizon. 

Dan Quayle

In mythology, Cerberus is the three-headed dog that guards the gates of Hades. How perfect a name for a company whose leaders have sold their souls.

Former senator Phil Gramm helped pass laws that let the banks go wild, yet he’s stayed silent on UBS’s crimes.

Walmart protest

The new labor campaign against the retail giant faces daunting odds, and the stakes are high: most of us live in the Walmart economy.

The median income of people over age 65 is less than $20,000. The solution is not to cut that further.

Over 100 Americans with CODEPINK and The Nation protested in front of the Ugland House, where some 18,000 corporations hide their tax dollars.

It’s past time for the rule to stop banks from making making risky bets with consumers’ money. But a House committee hearing devoted itself to stalling and lying about the Volcker Rule.

Recent strikes against Walmart and fast food chains made waves, but the vast majority of service workers can’t afford to speak out.

Blogs

Though progressives have ample reason to be disappointed, they should resist the temptation to sit out the November elections.

September 27, 2010

As Colbert showed at the House immigration hearing, when he’s in character, he’s really about Washington’s character.

September 25, 2010

DAYBOOK will return Monday. In the meantime, see Stephen Colbert testify on immigration in front of congress—in character.

September 24, 2010

Yesterday brought a mixed bag of news for reformers on Capitol Hill.

September 24, 2010

The 2010 Commonwealth Games in Delhi are on the verge of a historically unprecedented complete and utter implosion.

September 23, 2010

The war on drugs. We keep calling it that, it seems, because we like wars on abstract concepts.

September 23, 2010

The Devil we know certainly has friends. Time for other voices to be raised, loud, fast.

September 22, 2010

With Larry Summers leaving, who should Obama pick to shake up his economic team? Things could get better—or worse.

September 22, 2010

Why did Obama keep Timothy Geithner and Lawrence Summers on staff when they helped lay the groundwork for the financial crisis?

September 20, 2010

Just as the sequel to Oliver Stone's 1987 classic hits theaters, Obama appointee Elizabeth Warren will take on a new generation of Wall Street swindlers.

September 20, 2010
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