Economy

A week before BP's civil trial for the 2010 Gulf oil disaster, a district judge in New Orleans just reduced the company's liability by $3.4 billion.

Paul Krugman: At worst, we're something like France in the 1920s, with its floating exchange rate and large wartime debt.

Itu2019s time to close the tax loopholes and make Americau2019s billionaire class pay its fair share of taxes like the rest of us do.

The tax could raise $1 trillion in new revenue per year.

Released today, the poll shows a majority of voters agree with the president that a federal increase is in order.

Half the population of the US has slipped into poverty or is barely making enough to get by.

We could learn from other countries and vastly improve our own democracy and economy.

The cumulative inflation-adjusted growth in the US economy since Barack Obama took office has been just 3.2%.

Paul Krugman: Fiscal austerity is the difference between where we are now and an unemployment rate not much above 6 percent. It's a policy disaster.

If the minimum wage had risen in step with productivity growth, it would be over $16.50 an hour today.