The unemployment rate for black workers has now dropped below 8 percent, the Bureau of Labor Statistics says. Some of April's biggest job gains came in hospitality, health care and social assistance.
The Affordable Care Act was funded with a patchwork of taxes — mostly but not exclusively on the wealthy — which would be undone by the Republican repeal-and-replace bill.
Passage in the House is the first step in fulfilling the GOP's longtime pledge to dismantle Obamacare. The president praised House Speaker Ryan as a "genius" for engineering the legislative victory.
The Obama-era policy allowed states to offer retirement savings plans. Retiree and worker protection groups say the state-designed plans benefit employees of small businesses that lack 401(k) plans.
Ten years ago, two little-known hedge funds blew up, and the financial crisis was on its way. Today, we ask the person at the center of it all, former Fed Chairman Ben Bernanke, why it happened.
The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapter 9 filing.
Central bank policymakers provided little guidance on the timing of a rate hike. They said slow growth in the first quarter it is likely transitory and that inflation is close to a goal of 2 percent.