Economy

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December 6, 2012

White House warns black families could see taxes rise $4,500 unless ‘fiscal cliff’ is resolved

theGRIO REPORT - The White House Thursday released a fact sheet illustrating the importance of resolving the debate of the…
December 3, 2012

Obama insistent on tax hikes for wealthy in ‘fiscal cliff’ deal

WASHINGTON (AP) - The White House has laid out its vision for pulling back from the looming 'fiscal cliff' and…
November 27, 2012

As minority banks fail nationwide, experts question their relevancy

Besides the recession, other experts say minority banks are failing because they aren’t needed.
November 21, 2012

theGrio and CNBC Market Update:11/23/12

VIDEO - This week, a look at the earnings reports will gauge consumer spending. Reports will come from Barnes and…
November 14, 2012

Census: New gauge shows 49.7 million poor in US

WASHINGTON (AP) - The ranks of America's poor edged up last year to a high of 49.7 million, based on…
November 12, 2012

Los Angeles bank created to serve black community to foreclose on several black churches

A group of Los Angeles pastors are protesting the foreclosure proceedings on a number churches, to be executed by a…
November 9, 2012

Obama: Wealthy must see higher taxes under plan

WASHINGTON (AP) - President Barack Obama made his first public comments Friday since the victory speech after his re-election, setting…
November 9, 2012

What is the 'fiscal cliff' anyway?

WASHINGTON (AP) - So just what is this 'fiscal cliff' that has the financial markets rattled and economists and policymakers…
November 9, 2012

Artur Davis: GOP 2012 defeated because they focused 'exclusively on the economy'

theGRIO REPORT - Artur Davis, who made headlines this year when he switched political parties and endorsed Mitt Romney at…
November 2, 2012

4 days left: Obama still ahead narrowly in swing states, jobs report unlikely to have major impact

theGRIO REPORT - President Obama remains on the path to win reelection next Tuesday, as polls continue to show him…
October 29, 2012

Hurricane Sandy could delay release of jobs report

WASHINGTON (AP) - Hurricane Sandy could complicate Friday's release of the October U.S. jobs report, the final snapshot of employment…
October 24, 2012

Mitt Romney discusses African-American economic empowerment with Black Enterprise

theGRIO REPORT - Mitt Romney, GOP presidential contender, spoke to Black Enterprise recently in a rare interview to targeted African-American…
October 9, 2012

Westgate CEO David Siegel threatens layoffs if Obama is re-elected

theGRIO REPORT - The man who takes credit for getting George W. Bush elected as president is now making efforts…
October 5, 2012

Obama: Jobs report shows America 'has come too far to turn back now'

FAIRFAX, Va. (AP) - President Barack Obama says an encouraging jobs report shows that the country has made too much…
October 5, 2012

How jobs news could boost Obama

ANALYSIS - The sharp drop in the unemployment rate is a major political boon for President Obama, allowing him to…
October 5, 2012

Former GE CEO Jack Welch accuses Obama administration of cooking unemployment numbers

theGRIO REPORT - Republicans caused eyes to roll this election season by perpetuating the meme that poll numbers favoring Barack…
October 3, 2012

Obama vs. Romney debate: 5 things to watch for

theGRIO REPORT - Here are five key questions ahead of tonight's much-hyped first debate between President Obama and Mitt Romney…
October 1, 2012

theGrio and CNBC Market Update 10/1/12

VIDEO - Besides monitoring austerity measures in Europe, investors received several economic reports last week...
September 28, 2012

Obama now can call himself job creator: 386,000 more jobs now than 2008

(AP) - It probably won't help Obama much in his race for re-election. The economy is still a long way…
September 26, 2012

New economic trends could help Obama

WASHINGTON (AP) - For the past year, as the presidential election unfolded, President Barack Obama confronted a dizzying swell of…