Jacob Lew expected as next treasury secretary

Kevin G. Hall, McClatchy Newspapers
January 9, 2013

Washington (MCT) – President Barack Obama is expected to name longtime Washington insider Jacob “Jack” Lew on Thursday as his next treasury secretary, a pivotal post as negotiations commence over raising the nation’s debt ceiling and staving off controversial scheduled cuts in... Read more »

Unemployment rate drops to 7.8% in newest jobs reports

Sarah Allen, Web Editor-in-Chief
October 5, 2012

The unemployment rate decreased to 7.8% in September from 8.1% in August, according to the U.S. Labor Department, Oct. 5. The Labor Department reported that the economy added 114,000 jobs in September, and were revised upward by 40,000 for July and 42,000 for August. In contrast to previous reports,... Read more »

Violent anti-American protests erupt in Africa and the Middle East

Sarah Allen, Web Editor-in-Chief
September 13, 2012

A series of violent anti-American protests have erupted across predominantly Muslim countries in Africa and the Middle East, beginning Sept. 11. After protests took place at the U.S. Embassy in Cairo, Egypt, Sept. 11, unrest spread to Israel, Gaza, Libya, Egypt, Yemen, Sudan, Tunisia, Morocco, Iraq,... Read more »

President Obama announces mortgage settlement

Miranda Siwak, News Editor
February 23, 2012

President Barack Obama announced the finalization of $26 billion, as of now, but it is expected to reach above $30 billion,among mortgage providers, the state attorney generals and the Justice Department. This is the largest joint settlement in American history. Obama said this is a landmark settlement... Read more »

Obama proposes new jobs plan

Sarah Allen, News Editor
October 12, 2011

President Barack Obama outlined the American Jobs Act in a Sept. 8 speech before Congress, a $450 billion measure intended to generate new jobs and lift the American economy out of its period of recession. With unemployment at 9.1 percent, the proposal includes payroll tax cuts, extension of unemployment... Read more »