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Economic news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Boehner unveils his own plan to aid economy
House Minority Leader John Boehner outlined a plan to bolster the economy on Wednesday, hours ahead of President Obama's scheduled speech unveiling a $350 billion job-boosting proposal.
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Jobs pitch fails to dazzle Washington
President Obama's latest round of job-bolstering proposals boasts something for everyone: corporate tax breaks for conservatives and spending on roads and railways for liberals. Yet he's having a hard time getting everyone on board.
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What people forget about Reagan
Those who oppose higher taxes and are fed up with record levels of U.S. debt may pine for Ronald Reagan, the patron saint of lower taxes and smaller government.
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Why carmakers aren't coming back anytime soon
With the home stretch in sight, 2010 is shaping up to be a weaker U.S. auto market than predicted, probably closer to 11.5 million new-vehicle deliveries, rather than the 12 million that automakers and forecasters had figured - and hoped - would be sold.
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Obama's plan: Too little, too late
This week, the Obama administration began outlining additional measures to jumpstart the economy and create jobs.
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What peak oil? Why an oil glut is ahead
In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration.
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Oil fears slam one beach, but spare another
It's Florida's reputation that's stained - not its beaches. But some cities along Florida's panhandle are faring better than others.
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Orszag: Extend Bush tax cuts for 2 years
Peter Orszag, who recently stepped down as President Obama's budget director, called for a two-year extension of the Bush tax cuts in an article he wrote in the New York Times on Tuesday.
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Obama to introduce another business tax cut
In another move aimed at stabilizing the still-shaky economy, President Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official.
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4 surprise bright spots in the economy
Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.
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