Economy

Justice Department Official Who Didn’t Prosecute Banks Returns to Law Firm That Defends Them

Justice Department Official Who Didn’t Prosecute Banks Returns to Law Firm That Defends Them
Lanny Breuer, who was the Assistant Attorney General for the Criminal Division of the U.S. Department of Justice under President Obama, conceded in a recent PBS documentary that “no Wall Street executives” were prosecuted under his tenure.
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Walker’s Rejection of Obamacare Funds to Cost WI Businesses Upwards of $36 Million

Walker’s Rejection of Obamacare Funds to Cost WI Businesses Upwards of $36 Million
According to a national study by Jackson Hewitt Tax services, Wisconsin Governor Scott Walker’s opposition to Obamacare will cost Wisconsin employers between $24.1 million and $36.1 million a year.
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FLASHBACK: Republicans Wrongly Said 2007 Minimum Wage Increase Would Kill Jobs, Hurt Economy

FLASHBACK: Republicans Wrongly Said 2007 Minimum Wage Increase Would Kill Jobs, Hurt Economy
Despite the scare tactics from congressional Republicans, the 2007 minimum wage hike did not harm the economy. Study after study has shown that raising the minimum wage has not, on net, cost workers their jobs.
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Ryan's Frankenstein Budget: Then and Now

Ryan's Frankenstein Budget: Then and Now
If you’re living comfortably in your upper class lifestyle, you’re going to love Ryan’s budget plan.
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How Much Could States Save By Negotiating Drug Prices? $73 Billion

How Much Could States Save By Negotiating Drug Prices? $73 Billion
State governments could save as much as $73 billion cumulatively over the next ten years if the federal government were to negotiate Medicare prescription drug prices, according to a new issue brief by the Center for Economic and Policy Research.
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Elizabeth Warren: $10.10 Minimum Wage Would Only Cost McDonalds Four Cents Per Meal

Elizabeth Warren: $10.10 Minimum Wage Would Only Cost McDonalds Four Cents Per Meal
Last week, the Senate held a hearing on the minimum wage and a business owner testified that a wage hike may force businesses to fire workers. Sen. Elizabeth Warren (D-MA) deftly dismantled this talking point, pointing out that, for example, it would only cost McDonalds four cents more per meal to provide a $10.10 minimum wage to all of its workers.
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Minimum Wage Workers Working 40 Hours a Week Can’t Afford a Two-Bedroom Apartment Anywhere

Minimum Wage Workers Working 40 Hours a Week Can’t Afford a Two-Bedroom Apartment Anywhere
During his State of the Union address, President Obama unexpectedly called for a hike in the minimum wage to $9.25 an hour, and Congressional Democrats are calling for an even higher hike to $10.10.
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Obama Adviser Gene Sperling Claims Obama Has a ‘Strong Record’ of Prosecuting Wall Street

Obama Adviser Gene Sperling Claims Obama Has a ‘Strong Record’ of Prosecuting Wall Street
During a Reddit question and answer session, top Obama economic adviser Gene Sperling responded to a question from one user about how a “free market economy” can “exist when big actors cheat, break laws, and only get fined.
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Wells Fargo's at the Bottom of the Foreclosure Heap

Wells Fargo's at the Bottom of the Foreclosure Heap
When it comes to foreclosing on Californians, it looks like Wells Fargo may take the prize, where it's responsible for more homes in the foreclosure pipeline in California than any other single lender.
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Who Benefits From the Climbing US Stock Market?

Who Benefits From the Climbing US Stock Market?
While a growing stock market is important not just for the top 1 percent — a lot of pension funds and 401(k)’s get a boost from the bull — the vast majority of the value of the stock market is held by the wealthiest households.
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