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Where does the corporate bottom line end and the public interest begin? Through the voodoo economics of federal contracting, Washington's "partnerships" with private corporations have drained the public trust straight into the pockets of top corporate executives.
In the media
Michelle Chen
One of the most alarming aspects of a possible default is also one that gets the least attention: A default would raise the cost of federal borrowing, perhaps for years to come, and send the deficit soaring. If Treasury securities become, well, less secure, the United States will have to pay
Blog
David Callahan
Growth doesn't work. It doesn't deliver the claimed social and economic benefits.
Blog
James Gustave Speth
The CFPB released a report this week that should serve as a reminder of what a functional Congress could accomplish. The report highlights the ways in which the 2009 Credit CARD Act has succeeded. Their findings:
Blog
Joseph Hines
Low-wage workers followed members of Congress to the World War II Memorial on Wednesday to protest a federal government shutdown that had entered its second day. The two-dozen protesters, organized by a labor group called Good Jobs Nation, work in federal buildings affected by the shutdown. The
In the media
Just because the government has shut down doesn’t mean Congress will cease its central function of making Americans’ lives miserable. While everyone watches the legislative back-and-forth on the budget, the House may vote this week to thwart a key new Labor Department protection affecting $10.5
In the media
David Dayen
The student loan default rate is soaring, and it's flying highest among for-profit schools. The U.S. Department of Education reports that across the nation, the share of borrowers who default within two years after college loan payments become due has risen nearly a full percentage point to 10
In the media
Charles Wilbanks
Philadelphia Council authorized a public vote on Bill 130532 last Thursday. The bill amends the city charter to provide better wage protections and benefits for subcontracted city workers. The referendum will appear on the Spring 2014 ballot. Council supported this item unanimously. According to
Blog
Jack Grauer
For some recent college graduates, this fall’s back-to-school season marks the beginning of the back-to-living-at-home stage of their lives. But with careful financial planning, that stage doesn’t have to last long, advisers say.
In the media
Maria LaMagna
Americans are coming to face the hard reality that they live in a new Gilded Age, with inequality at levels not seen since before the Great Depression. Even worse: Uncle Sam is subsidizing this lopsided economy.
In the media