Released in time for campaign season, President Barack Obama’s advisers have released their annual Economic Report of the President — a document forecasting the economy for the fiscal years of 2014-2015. With stats showing the unemployment rate has dropped to a five-year low, the housing market improving and the economy growing 1.9 percent throughout 2013,…
MyRA Accounts: A New Way to Save or Retirement Nationalization?
On January 28, President Obama delivered his annual State of the Union address to Congress and the American public. In the early days of the United States, the address was nothing more than a letter from the president to Congress about the current state of the union. Today, the address tends to focus on the…
Summers Removes Name From Fed Consideration
Larry Summers has withdrawn his name from consideration for the Federal Reserve Chairman position. Current Fed chair Ben Bernanke is expected to step away when his term ends in January, and Summers was considered by many to be the favorite to replace him. Summers, an economic adviser for the White House and former Treasury secretary,…
