Economy

What Obama's Tax Proposal Could Cost Him, And Us

12:50pm April 13, 2013

by Scott Horsley

Both President Obama and Republican lawmakers say they're willing to close loopholes in the individual tax code. The argument is over what should be done with the money after that.

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Startup CEO Wields Small Antenna In TV Streaming Battle

1:30pm April 12, 2013

by Dan Bobkoff

Television networks are up in arms. The new company Aereo is charging a monthly fee to provide a high-definition feed of the basic over-the-air channels, and the stations aren't seeing a penny of it. But CEO Chet Kanojia thinks he's figured out a legal loophole.

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Texas Contractors Say Playing By The Rules Doesn't Pay

8:35pm April 11, 2013

by Wade Goodwyn

With a large labor force willing to work for low wages, construction may appear to be a lucrative field for contractors in Texas. But prices have been driven so low that many say they can't compete if they play by the rules. Instead, some misclassify their workers or turn a blind eye to undocumented laborers.

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Economy

Local Airports Running Out of Hangar Space

7:36pm April 11, 2013

One sign of the improving economy is squeezing local airports.

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Passersby watch share prices spike in Tokyo on April 4, the day Japan's central bank announced a massive purchase of government bonds. The bank hopes the scale of the effort will boost Japan's slow-moving economy.

Japan's Big Stimulus Move Shocks Globe's Market Watchers

5:49pm April 11, 2013

by John Ydstie

Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous.

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How The Latest Budget Could Affect You

2:51pm April 10, 2013

President Obama unveiled his fifth annual budget proposal to Congress Wednesday, offering a mix of tax increases and spending cuts. The newest changes include cuts to Medicare and Social Security benefits. Across the country, some are only beginning to feel the affects of sequestration.

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Some Public Defenders Warn: 'We Have Nothing Left To Cut'

7:20am April 10, 2013

by Carrie Johnson

Around the country, budget cuts are bringing some federal public defenders to the breaking point. "We can't not pay the rent, and ... everything else is personnel. We can't send a computer to court," says Washington, D.C., public defender A.J. Kramer.

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Administration Urges Europeans To Ease Austerity Measures

9:14am April 09, 2013

Treasury Secretary Jack Lew is on his first trip to Europe, pushing for leaders to let up on strict steps that were enacted during the financial crisis. His trip comes as President Obama prepares to send his budget plan to Congress. It's said to include cuts to Social Security and Medicare. David Greene talks to Lew, who's in Berlin to meet with Germany's finance minister.

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Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.

One Manufacturing Giant Creates Winners And Losers

9:59pm April 08, 2013

by Andrea Hsu

Residents in Memphis, Tenn., are thrilled that Swedish appliance giant Electrolux is opening a new factory there this year. The company plans to employ 1,200 people at the new, high-tech facility. But in Webster, Iowa, an Electrolux plant closure in 2011 has left the local economy reeling.

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The 'Alchemists' Who Control The Purse Strings Of The Economy

3:03pm April 08, 2013

In a new book, Washington Post economics writer Neil Irwin looks at an elite group of policymakers from around the world who manage the money supply, and explains how money can come from — and disappear into — thin air based on the decisions of these influential men and women.

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