The Latest Breaking News from Dean Baker

House Speaker Mike Johnson asked supporters to pray for a budget proposal that would slash social welfare spending

House Republicans want to pay for their tax cuts by cutting social services used by the working class

Even as US Fed raised its interest rates again on Wednesday, analysts are split if there will be another hike this year.

The June hiring figure showed a small increase, but many companies like Rockford-based firm Fehr Graham are still looking to staff up.

The economic challenges of the city’s downtown have sparked speculation of a so-called ‘doom loop’. But some say its emptiness may be part of the solution

The average American's path to retirement security has long been a steep uphill climb. The omnibus spending bill President Biden signed on Dec. 29 will make the journey easier.

With wage growth far too hot, the Federal Reserve may need to implicitly hike its 2% inflation target to avoid a hard landing for the economy.

WASHINGTON — When Elon Musk took over Twitter a few weeks back, the online vultures began to circle. Pundits signed up for competing platforms like Mastodon and Post, and then tweeted to ask their followers to join them. Online communities held impromptu funerals for the app as Musk laid off…

Whatever happens to Twitter under Elon Musk, communications directors on Capitol Hill are hanging around to find out.