Oil Prices Ease on Hopes for Normal Saudi Production

DAVID KOENIG / The Associated Press Sep 17, 2019 Gasoline prices crept higher after a drone attack devastated Saudi Arabian oil output, but global market disruption may be short-lived. Dig deeper ( 4 Min. Read )

Third-Quarter Economic Growth Is a Solid 3.2 Percent

MARTIN CRUTSINGER / The Associated Press Dec 21, 2017 With final figures in for July-September, the nation records the first consecutive quarters that growth has topped 3 percent since 2014. Dig deeper ( 3 Min. Read )

Economy Shows Resilience With Second Straight Solid Quarter

Martin Crutsinger / AP Oct 27, 2017 The growth is evidence of economic durability and all but assures that the Federal Reserve will resume raising interest rates late this year. Dig deeper ( 3 Min. Read )

Meet the Secret $256 Million Bank for Right Wing Causes

BLANK Sep 13, 2013 A new IRS filing reveals that a shadowy Koch brothers-led nonprofit, Freedom Partners, spent nearly a quarter-billion dollars trying to influence 2012 elections and policy discussions. Most of the donors remain secret. Can you say, "oligarchy"? Dig deeper ( 2 Min. Read )

Earth to Washington: Repeal the Sequester

Robert Reich / Truthdig Apr 29, 2013 What is Washington doing to fix the economy? Worse than nothing. It has now adopted the same kind of austerity economics that’s doomed Europe -- cutting federal spending and reducing total demand. And the sequester doesn’t end Sept. 30. It takes an even bigger bite out of the federal budget next fiscal year. Dig deeper ( 2 Min. Read )

Shortchanged Workers Fuel the Missing Recovery

Alexander Reed Kelly / Truthdig Mar 6, 2013 "Today the stock market is high not from profits from expanding sales revenues, but from labor cost savings," former Reagan Treasury Secretary Paul Craig Roberts writes in CounterPunch. Dig deeper ( 2 Min. Read )

Spike in Consumer Spending Spells Danger

Staff / Truthdig Aug 15, 2011 Consumer borrowing shot up $15.5 billion in June -- three times more than projected -- in the biggest increase in credit in four years, with credit card and other types of revolving debt rising by $5.21 billion -- the largest jump since spring of 2008. (more) Dig deeper ( 2 Min. Read )

GDP Logs a 3.2% Rise in 4th Quarter

Staff / Truthdig Jan 29, 2011 Even though it fell short of economists’ expectations, a 3.2 percent rise in the GDP during the last quarter of 2010 has rekindled hopes that the U.S. economy may be moving toward sustainable recovery. Dig deeper ( 1 Min. Read )

U.S. Economy’s Recovery Slows

Staff / Truthdig Jul 30, 2010 After climbing 3.7 percent in the first three months of the year, the U.S. economy grew just 2.4 percent in the second quarter, an underwhelming performance that reinforced the reality that the recovery is struggling to find some footing. Dig deeper ( 1 Min. Read )

Stock Market Slumps on Consumer Spending Concerns

Staff / Truthdig Jun 12, 2010 The news from Wall Street wasn't great as the week wrapped up and trading shut down Friday, although it wasn't bad across the board The stock market took a tumble, registering ongoing worries about (continued). Dig deeper ( 1 Min. Read )

Box Office Sales Buoyant in 2009

Staff / Truthdig Dec 15, 2009 Which industries actually thrive in the midst of a crippling recession? There are many ways to approach that question, but over the past year, Americans looking for low-impact escapism on a budget went to the movies, and they did so in numbers that might put some of the hand-wringing about the impact of the Internet and the economy on the film business on hold, at least for the time being. Dig deeper ( 1 Min. Read )