The latest Federal budget projections from the non-partisan Congressional Budget Office underline the terrible state of the public finances. This year's deficit is now expected to reach $1,480bn, or 9...

Over the past year, payroll employment has increased by just 1.1 million, reversing only a small number of the 8.3 million jobs lost during the recession. What makes the labour market recovery even...

The tone of the Fed's latest policy statement suggests that neither the most recent pick up in economic growth nor the continued surge in commodity prices have had much of an impact on officials...

This week's release of GDP for the fourth quarter will confirm that the real economy has finally returned to the size it was before the recession struck. But it will be some years yet before the US...