Since January 2011, the government has knocked 2 percentage points off the payroll tax, which funds Social Security. But even as the economy appears to still be in a rut, there's little appetite to extend the tax holiday and its $95 billion price tag.
By some measures, General Motors is doing fine post-bailout and post-bankruptcy. The company is profitable and makes better cars than it did a generation ago. But its stock price is down sharply, and it still doesn't have a blockbuster car like its competitors Toyota, Honda and Ford.
Pickup trucks sold briskly last month which is good for the bottom line of Detroit's Big Three. One analyst says "the success of the truck segment is usually seen as the harbinger of the overall economy recovery."
As the Democratic National Convention kicks off in Charlotte, N.C., the economy is expected to be a central theme. The event is bookended by Monday's Labor Day celebrations and Friday's release of the latest monthly numbers on jobs.
European leaders have vowed to keep the eurozone intact, but U.S. companies are making contingency plans in case Greece is forced to leave the currency union. Bank of America Merrill Lynch, for instance, has looked into moving cash into Greece so clients can continue to pay local employees.
At the end of this week, the government's latest snapshot of the job market will be released. David Greene talks to David Wessel, economics editor of The Wall Street Journal, about the unemployment rate.
U.S. student loan debt tops $1 trillion, and young people face disproportionately high unemployment. Writer Joel Kotkin points to these numbers when he claims the millennial generation is getting the short end of the stick. Kotkin speaks with host Michel Martin about what he calls the "screwed generation."
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