Crowdfunding is a simple way for anyone to ask for money online from friends, family and even strangers. One woman raised $10,000 to help her neighbors affected by Hurricane Sandy. She's been hand-delivering checks to owners of damaged businesses and people who just need the extra lift.
The Labor Department reported Friday that the nation's unemployment rate fell to 7.7 percent in November as employers added 146,000 jobs. In October, the jobless rate was 7.9 percent. Analysts had predicted weaker numbers for November, partly because of the storm's aftermath.
In her new series for The New York Times, reporter Louise Story traces the complicated relationship between localities and the corporations they want to lure to their states, counties and cities to help promote economic growth.
Already this year, the New Jersey city has surpassed its previous record for murders. But despite the high crime rate, the city is laying off its police force. City officials, who say the unionized police force has too many perks, are now turning to the county to provide a larger and cheaper force. Critics say the move is a strategy to bust the union.
As President Obama and lawmakers try to find a formula for spending cuts and tax increases, they might look across the Atlantic for insights from those who have been wrestling with budget problems. The first lesson from Europe's "fiscal consolidation" experiences: It will hurt.
House Republicans and the White House are at a stalemate over how best to avoid the so-called fiscal cliff. As the deficit deadline approaches, the priority for Senate Budget Committee member Sen. Sheldon Whitehouse (D-RI), is to protect the middle class.
The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.