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Economy

poverty-in-america-16x9

Which budget cuts are killing our communities?

Trymaine Lee, NBC News
NBC NEWS - For cities and rural towns across the country, as well as nonprofits like Baltimore Reads, officials are struggling to maintain programs offered to low- and moderate-income residents...
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(Getty Images)

Can blacks survive a fall off the 'fiscal cliff'?

theGrio
theGRIO REPORT - The White House Thursday released a fact sheet illustrating the importance of resolving the debate of the "fiscal cliff" for African-Americans, showing black families could see their taxes rise by up $4,500...
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HATFIELD, PA  - NOVEMBER 30: US President Barack Obama delivers remarks at The Rodon Group manufacturing facility on November 30, 2012 in Hatfield, Pennsylvania. The President continues making the public case for action by visiting the toy manufacturer that depends on middle class consumers and could be impacted if taxes go up on 98 percent of Americans at the end of the year. (Photo by Jessica Kourkounis/Getty Images)

Obama insistent on tax hikes for wealthy in 'fiscal cliff' deal

Steven R. Hurst, Associated Press
WASHINGTON (AP) - The White House has laid out its vision for pulling back from the looming 'fiscal cliff' and now demands that opposition Republicans get specific about their plan to prevent what many economists predict would mean a return to recession and spiking unemployment in a still-fragile U.S. economy...
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A black man holding a piggy bank

Do minority banks still matter?

Ann Brown, Madame Noire Business
Besides the recession, other experts say minority banks are failing because they aren’t needed.
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TheGrio CNBC Market Update

theGrio and CNBC Market Update

Shartia Brantley
VIDEO - This week, a look at the earnings reports will gauge consumer spending. Reports will come from Barnes and Noble, Tiffany's and Kroger. There will also be data on GDP, income and spending and home prices...
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poverty-in-america-16x9

Census: New gauge shows 49.7 million poor in US

Hope Yen, Associated Press
WASHINGTON (AP) - The ranks of America's poor edged up last year to a high of 49.7 million, based on a new census measure that takes into account medical costs and work-related expenses...
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A black person praying in a church

Pastors to fight black-run banks foreclosing on black churches

Tonya Garcia, Madame Noire Business
A group of Los Angeles pastors are protesting the foreclosure proceedings on a number churches, to be executed by a black-owned bank that was created to serve a once-segregated black population.
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President Barack Obama gestures as he speaks about the economy and the deficit, Friday, Nov. 9, 2012, in the East Room of the White House in Washington. (AP Photo/Carolyn Kaster)

Obama: Wealthy must see higher taxes under plan

Ben Feller, Associated Press
WASHINGTON (AP) - President Barack Obama made his first public comments Friday since the victory speech after his re-election, setting the tone for upcoming tense talks with congressional Republicans on avoiding the so-called 'fiscal cliff'...
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bama-boehner.jpg

What is the 'fiscal cliff' anyway?

Andrew Taylor, Associated Press
WASHINGTON (AP) - So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?...
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Former U.S. Rep. Artur Davis

Artur Davis: GOP lost by focusing 'exclusively on the economy'

theGrio
theGRIO REPORT - Artur Davis, who made headlines this year when he switched political parties and endorsed Mitt Romney at the RNC, is weighing in on the president's re-election.
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