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Nobel-prize winning economist Paul Krugman blasted the looming automatic federal budget cuts known as sequestration as “one of the worst policy ideas in our nation’s history” in an op-ed in the New York Times. The across-the-board cuts are set to kick in on March 1 if Congress fails to act. The sequester was part of
Read moreHundreds are headed to Washington, DC, to rally outside the U.S. Supreme Court Wednesday, February 27. The court will hear arguments on whether to strike Section Five of the 1965 Voting Rights Act. The landmark law banned racial gerrymandering and opened Southern polling places to millions of African-American voters during the Civil Rights movement. Section
Read moreCongress has until the end of the year to strike a deal avoiding across-the-board, mandatory spending cuts known as “sequestration” and a series of expiring tax measures. The so-called “fiscal cliff” threatens to prolong the Great Recession if Congress refuses to act. Trillion dollar cuts to the defense sector, alone, are expected to cost us
Read moreEconomists warn Americans are in for a triple threat as the White House and Congressional Republicans continue their standoff over a deal to curb the nation’s debt. On the clock are three critical deadlines: a $1.2 trillion sequestration is scheduled to take effect March 2, the government will run out of money to pay its
Read moreNorth Carolina’s Republican Governor Pat McCrory signed a law this week to sharply cut benefits for jobless workers, saying the measure marked an important step toward “fixing” the state’s unemployment insurance system. The law cuts maximum weekly benefits to $350 from $535 and caps benefits at 12 to 20 weeks, depending on the unemployment rate,
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