Economy

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January 16, 2013

theGrio and CNBC Market Update: 1/16/13

VIDEO - New claims for jobless benefits rose from 4,000 to 371,000, and continuing claims were a bright spot, reaching…
January 14, 2013

Obama demands quick action to raise US debt limit

WASHINGTON (AP) — President Barack Obama demanded on Monday that Congress quickly raise the federal debt limit and warned that…
January 10, 2013

Can Obama raise the debt limit with a trillion dollar coin?

theGRIO REPORT - Since the White House did not emphatically reject the coin option. The debate rages on...
January 4, 2013

US economy adds 155,000 jobs, unemployment rate stays at 7.8 percent

WASHINGTON (AP) - U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense…
January 2, 2013

Why President Obama took the fiscal cliff deal

ANALYSIS - Some liberals were disappointed with the agreement President Obama accepted to avoid the fiscal cliff, which included dropping…
January 2, 2013

House passes bill to stave off 'fiscal cliff', Obama to sign it from Hawaii

WASHINGTON (AP) - The bill's passage on a 257-167 vote late Tuesday night in the House of Representatives sealed a…
January 1, 2013

Fiscal cliff bill to House, but doubts on spending cuts

WASHINGTON (AP) - The Senate-approved compromise to avert the 'fiscal cliff' ran headlong into opposition from the No. 2 House…
December 31, 2012

White House, congressional GOP head toward cliff deal

theGRIO REPORT - Urged by many liberals to go over the so-called fiscal cliff and force Republicans to accept whatever…
December 30, 2012

Obama ups pressure in fiscal cliff talks on NBC's 'Meet the Press'

WASHINGTON (AP) - President Barack Obama upped the pressure on Republican leaders to reach a fiscal deal, as the Senate…
December 28, 2012

White House meeting a last stab at a fiscal deal

WASHINGTON (AP) - Congressional leaders have arrived at the White House for a meeting with President Barack Obama in an…
December 28, 2012

Fiscal cliff debate shows enduring power of Tea Party

theGRIO REPORT - Rumors of the demise of the Tea Party have been greatly exaggerated...
December 26, 2012

Obama to fly home early as 'fiscal cliff' looms

HONOLULU (AP) - President Barack Obama was cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington…
December 13, 2012

NBC/WSJ poll: Public wants compromise to avoid fiscal cliff; 53 percent approve Obama

NBC NEWS - An overwhelming majority of Americans want Congress and the Obama White House to reach a deal featuring…
December 12, 2012

US could survive going off ‘cliff’ for a bit

WASHINGTON (AP) - It's the scenario that's been spooking employers and investors and slowing the U.S. economy...
December 11, 2012

Obama looks to use political capital in ‘fiscal cliff’ negotiations

(AP) - President Barack Obama is trying to spend what former President George W. Bush called 'political capital'...
December 7, 2012

US unemployment falls to 7.7 percent, a 4-year low

WASHINGTON (AP) i The U.S. economy added a solid 146,000 jobs in November and theunemployment rate fell to 7.7 percent,…
December 6, 2012

Which budget cuts are killing our communities?

NBC NEWS - For cities and rural towns across the country, as well as nonprofits like Baltimore Reads, officials are…
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.