As Unemployment Falls, ‘Biggest Risk’ To Job Growth Is ‘Self-Inflicted Damage From Bad Policy Decisions’

Despite steady job growth in November, policies like those being debated as part of the so-called “fiscal cliff” negotiations in Washington could damage further employment gains, progressive economists and analysts say. The U.S. economy added 146,000 jobs last month, and the national unemployment rate fell to 7.7 percent, its lowest … Continue reading

Activists Pressure Administration To Reveal Name Of New Mortgage Task Force Head

Housing and mortgage-accountability activist groups are urging the Obama administration to reveal the name of the new director  appointed to the newly created Mortgage Fraud Task Force after Housing and Urban Affairs Secretary Shaun Donovan announced that such a director was now in place. President Obama first promised the creation … Continue reading

Advocates Call ‘Paltry’ Bank Deal Just The Beginning For Wronged Homeowners

Critics of the fraud committed by the nation’s largest banks in the so-called “robo-signing” scandal are calling Thursday’s settlement deal just the first step in achieving justice for wronged U.S. homeowners. State and federal officials announced the $26 billion settlement over the banks’ fraudulent foreclosure practices which led to wrongful … Continue reading

Jobs Report Puts Pressure On GOP

The federal government’s report that the nation added 200,000 last month only puts fresh pressure on congressional Republicans to do more to help the struggling U.S. economy, and struggling jobless Americans in particular, according to many both in and out of the Obama administration. The Labor Department released employment data … Continue reading

Confrontation With Wall Street: Consumer Confirmation Battle Expected This Week

The latest political battle between the 99 percent and the 1 percent likely is to take place this week on the Senate floor, as senators are expected to vote on the nomination of former Ohio Attorney General Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) created by the … Continue reading

‘The Supercommittee Must Fail,’ Congress Is Told

By focusing on deficit reduction, not job creation, the so-called congressional supercommittee is focused entirely on the wrong problems and therefore, the nation would be better off it were to fail to come up with a deal, progressive members of Congress were told Wednesday. Indeed, the sorts of budget-cutting likely … Continue reading