Economy

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WAMU 88.5

Maryland Approves Tax Hike, Continues Working On Budget

Maryland lawmakers have approved an income tax hike for the state, and are continuing to hammer out other budget proposals.

NPR

Jobless Rate Steady At 8.3% In February

The Labor Department today reported the nation's jobless rate remained unchanged at 8.3-percent for the month of February, as businesses added 227,000 jobs to payrolls.
WAMU 88.5

D.C. Income Disparity Amongst Highest In U.S.

Levels of income disparity within D.C. are higher than almost anywhere else in the United States, which is putting pressure on the lower-income residents of the District.

NPR

Jobless Claims Rose By 8,000 Last Week

At 362,000, the number of claims remains near a four-year low, however.
NPR

House OKs Jobs Bill In 'Rare Agreement' With Obama

The "Jumpstart Our Business Startups (JOBS) Act" passed the Republican-controlled House with the administration's support. The legislation's fate is less certain in the Senate, but Democratic leaders have said they will take it up.
NPR

Creditors Face Deadline In Greek Bond Swap

The bond swap that will cut Greek debt by at least 50 percent is set to be the largest sovereign debt restructuring in history. Private creditors will take up to a 70 percent loss on their bonds, which is why some of them are balking at the offer. But because many of the creditors are also pension funds, the loss will also trickle down to Greek retirees.
NPR

Obama Urges Incentives For Alternative-Fuel Vehicles

President Obama was in North Carolina Wednesday, dropping in on a factory that makes big-rig trucks. Some of those trucks are powered by natural gas, and Obama took the opportunity to propose new tax incentives for alternative-fuel vehicles.
NPR

The European Central Bank, As Seen From A Bar On The Coast Of Spain

"Nobody's out buying bars right now," he says. "Banks in Spain are not lending a cent — a euro cent."

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