Economy

Ukraine’s huge bailout is at risk

Ukraine’s huge bailout is at risk

Ukraine is once again staring into the abyss. The International Monetary Fund says its $17.5 billion bailout of Ukraine will collapse unless it gets serious about stamping out corruption. “Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program […]

4 takeaways from Janet Yellen’s testimony

4 takeaways from Janet Yellen’s testimony

Fed Chair Janet Yellen testified before Congress on Wednesday. Federal Reserve Chair Janet Yellen and Congress don’t see eye to eye. Yellen testified for over three hours before the House Financial Services Committee Wednesday and lawmakers heavily criticized the Fed’s monetary policy, the state of the economy and even high […]

America has near record 5.6 million job openings

America has near record 5.6 million job openings

America might have too many job openings. There were 5.6 million job openings in December, just shy of the all-time record of about 5.7 million set in July, according to Labor Department data published Tuesday. Good news: American companies are hiring, despite all the concern surrounding the U.S. economy. The […]

10 things Obama would do if only he could

10 things Obama would do if only he could

Budget proposals of U.S. presidents are almost always described as dead on arrival in Congress. The budget proposals of outgoing presidents might best be described as dead before departure. Even though Republicans have been dismissive of his last budget in office, President Obama on Tuesday laid out what ideally he […]