ECONOMY

The Affordable Care Act took money from the rich to help pay for health insurance for the poor. The repeal bill passed by House Republicans would do the opposite.

GOP Health Care Bill Would Cut About $765 Billion In Taxes Over 10 Years

6:58pm May 04, 2017

by Scott Horsley

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.

Former Federal Reserve Chairman Ben Bernanke.

Economy

Episode 768: A Chat With Ben Bernanke

7:46pm May 03, 2017

by Stacey Vanek Smith

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.

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A Puerto Rican flag hangs beside a for-sale sign on a balcony in San Juan in summer 2015.

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt

6:20pm May 03, 2017

by Colin Dwyer

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.

A television screen on the floor of the New York Stock Exchange reflects the Federal Reserve's decision Wednesday to hold rates steady.

Federal Reserve Leaves Interest Rates Unchanged

4:41pm May 03, 2017

by John Ydstie

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.

A cow is milked at a dairy farm in Granby, Quebec, last month. President Trump recently accused Canada of unfairly blocking imports of milk from the U.S. He was taking aim at a Canadian system that defiantly rejects the free market and protects small farm

How Canadian Dairy Farmers Escape The Global Milk Glut

12:33pm May 03, 2017

by Dan Charles

President Trump recently accused Canada of unfairly blocking imports of milk from the U.S. He was taking aim at a Canadian system that defiantly rejects the free market and protects small farmers.

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A Guide To Ivanka Trump's Manual For 'Women Who Work'

10:08am May 03, 2017

by Danielle Kurtzleben

The first daughter's new book is billed as a resource for women trying to reach their dream professional lives, but it is fairly short and nonspecific about how to get there.

Many Working Women Won't See Themselves In 'Women Who Work'

9:55am May 03, 2017

by Annalisa Quinn

Ivanka Trump's new book — named after her brand's marketing campaign — is packed with anodyne advice borrowed from others, and a striking lack of awareness about economic and racial realities.

J.C. Penney is among several chains that have announced plans to close stores this year.

Retailers Scrambling To Adjust To Changing Consumer Habits

7:56pm May 02, 2017

by Yuki Noguchi

Nine U.S. chains have filed for bankruptcy this year. Store closures are accelerating, and 89,000 retail jobs have been lost since October. "The disruption is just unfolding," a former executive says.

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As U.S. Retailers Struggle, The End Is Near For Malls

4:33pm May 02, 2017

Christopher Leinberger, chair of the Center for Real Estate and Urban Analysis at George Washington University, says America's malls aren't just overbuilt, they're under bulldozed. He explains one model for the how shuttered malls can reinvent themselves, and points to a new model of store as showroom.

Analysts Divided Over Stock Market Valuation In Trump Era

5:42pm May 01, 2017

by Charles Lane

Is the stock market overvalued at current levels? A lot of analysts think so. On the other hand, there are analysts who think the market has room to move higher. For both sides, a lot depends on what's going on in Washington, D.C.

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