Poverty-level wages cost U.S. taxpayers $153 billion every year

While the U.S. economy rebounds, persistent low wages are costing taxpayers approximately $153 billion every year in public support to working families, including $25 billion at the state level, according to a new report ...

United Tech: Europe improving, military parts down

Sharp cuts in U.S. military spare parts orders are hurting United Technologies Corp.'s helicopter maker, Sikorsky, the chief financial officer said Tuesday, although he was more optimistic about prospects in Europe.

Consumer confidence continues to improve in March

Consumer confidence continued to improve in March due to more positive signs of expanding employment, according to University of Michigan economist Richard Curtin, director of the Thomson Reuters/University of Michigan Surveys ...

How will sequestration affect NASA?

It seems the US in not going to avoid the sequester—the $85 billion worth of federal spending cuts due to kick in March 1, 2013. There will be across the board cuts to government agencies, applying equally to defense and ...

GOP warns Obama against tax increases, spending (Update)

(AP)—Republicans say President Barack Obama's second-term agenda will bring more tax increases and increase deficit spending. They're vowing to promote economic growth to help middle-class families find good jobs.

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