Fed Officials Raise GDP Forecasts: Federal Reserve officials are feeling better about the economy. The Fed officials have updated their economic forecasts released Wednesday (Feb. 16,). The new forecast for the growth rate is now between 3.4 percent and 3.9 percent this year which is an upward revision. The prior forecast for economic growth...
President Obama Unveils $3.73 Trillion Budget Plan for 2012: Highlights of the plan include a 5 year freeze on spending. President Barack Obama has unveiled his new budget for 2012. President Barack Obama sent Congress a $3.73 trillion budget today that seeks to reduce the deficit. Analysts are digging into the numbers but the...
The U.S. Government Wants Out of Housing. The Treasury Department is looking to get the government out of the housing business. Friday, (Feb 11. 2011) the Treasury Department unveiled a plan to reduce the government’s exposure to the housing sector. The housing crisis that occurred over the last few years is not over and...
Economics Notes: Week Ending February 11, 2011: Last week, most headlines focused on the North African crisis but domestically, several data points were released that were noteworthy. Labor Market Firming: The U.S. labor market showed continued strength as the number of Americans filing for first-time benefits claims fell to the lowest level in over...
Dr. Martin Luther King Jr. Economics: Markets took a break today to honor the late civil rights leader Dr. Martin Luther King. Economists can look at Martin Luther King’s economic stance which favored equal rights and inclusiveness as normative economics. Dr. King’s socio-political views in various instances did not run contrary to some classic...
