A recent report warned Social Security could run out of money by 2033, and some policy makers have suggested raising the retirement age. But Steve Cunningham of the American Institute for Economic Research says that strategy would fail to reduce costs, and would disproportionately hurt blue collar workers. He speaks with host Michel Martin.
So far this year, 25 states have ended the extended benefits that allowed the long-term unemployed to continue getting benefits. With more states ending the program, it might appear that the economy is improving. But in some state, it just shows things haven't gotten that much worse.
Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of default in Greece, and in even larger countries like Spain, rattled U.S. financial markets. President Obama recently said the troubles in Europe are casting a shadow over the U.S. economy.
A new Obama campaign ad says Massachusetts had one of the country's worst economic records by the end of Mitt Romney's term as governor in 2007. But the Romney campaign says the overall unemployment rate was still very low. Can both campaigns be right?
A slowing global economy has sent oil prices down sharply. The price for benchmark West Texas Intermediate has fallen from over $100 a barrel to about $84 a barrel in the space of a month. Audie Cornish talks to John Ydstie for more.
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