Economy

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Federal Reserve Predicts Moderate Economic Growth

Federal Reserve Chairman Ben Bernanke appeared before the Joint Economic Committee on Thursday. Bernanke said the economy is facing some "headwinds," but that he expects it to continue growing at a moderate pace.
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Old D.C. Housing Projects Give Way To New

Public housing residents talk about how their lives are changing as old subsidized apartment blocks make way for new kinds of dwellings.

NPR

Generation Rent: Slamming Door Of Homeownership

The economic hammer has fallen especially hard on young adults, many of whom might never be able to buy a home. In a nation where homeownership marks the American dream, a generation of renters could alter communities and redefine the idea of middle-class success.
WAMU 88.5

Friday News Roundup - Domestic

Republican Gov. Scott Walker won his recall election in Wisconsin, but exit polls indicated 18 percent of his supporters would vote for President Obama over Republican nominee Mitt Romney in the fall. Federal Reserve Chairman Ben Bernanke said the central bank was "prepared to take action on the flagging U.S. economy. Senate Republicans blocked a Democratic bill calling for equal pay in the workplace. John Dickerson of Slate, Shawna Thomas of NBC News and Jerry Seib of The Wall Street Journal join Diane for a discussion of the week's top national news stories.

NPR

Economy Is Poised For More Growth, But 'Fiscal Cliff' Looms, Bernanke Says

The Federal Reserve chairman sees reasons for growth to continue. But he warns that automatic spending cuts and the expiration of the so-called Bush tax cuts threaten to derail the recovery.
NPR

Greek Unemployment Hits Record High, Is Nearly Double Eurozone Average

The official unemployment rate now stands at 21.9 percent. It's yet another sign of how troubled times are in Greece.
NPR

Jobless Claims Dipped Last Week

There were 377,000 first-time claims for unemployment insurance, down 12,000 from the week before. But the number of claims for the previous week was revised up.
NPR

After Big Gain, Markets Look To Rise Again; All Eyes On Bernanke

The Federal Reserve chairman talks about the outlook for the economy this morning. Investors will listen closely for clues to the Fed's plans.
NPR

How The Housing Industry Affects Students' Future

New research shows that booms and busts in the housing industry help determine where high school students apply for college. Booms trigger applications to better colleges, busts to lesser quality schools.

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