In the News

A judge rejected Detroit’s second attempt to resolve one key piece of its unpayable debts on Thursday, saying that a renegotiated deal with two Wall Street banks was still “just too much money.” [...]

Here’s some welcome news. At his meeting with Democratic Senators last night, President Obama indicated that he is giving serious consideration to executive action designed to raise the minimum wage for employees of federal contractors, according to one Senator who was present.

One day after a top Obama administration official deflected a congressman’s call for executive action to raise labor standards for contractors, activists Wednesday announced the filing of a new Department of Labor complaint over alleged wage theft in a government building. The complaint alleges that dozens of workers in D.C.’s government-owned Union Station are owed over $3 million in back pay and damages for rampant failure to pay minimum wage or overtime.

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As the White House prepares to launch a major economic opportunity effort, record high unemployment among black and Latino youth underscores how essential it is to create job opportunities for young people of color. 

The critical issue here is that the ages of 16 to 24 are make or break years for lifelong earning potential. With one out four blacks and one out of six Latinos under the age of 25 without work, a generation of youth of color risks falling behind.

Millionaires occupy the majority of seats in Congress for the first time since ethics laws mandated personal financial disclosures, according to a new Center for Responsive Politics report.

Out of 534 members of Congress -- there was one vacant seat -- 268 have an average net worth of more than $1 million.

Fifty years ago today (January 8) President Lyndon B. Johnson used his 1964 State of the Union address to declare an "unconditional war on poverty."

What led LBJ to make such a bold move? The Cold War, the civil rights movement, and a taste for ambitious goals were all part of the mix. [...]

Betty McCray, 53, has moved around a bit in her lifetime. She’s worked as a chef, a nursing home attendant and a welder. Throughout, she says proudly, she has “worked union,” even in states with anti-labor right-to-work laws, such as Tennessee, where she moved in 2010 to be closer to her son.

Saving for retirement was once a lot easier than it is now.

Your employer offered you a pension, which guaranteed you a certain amount of income in retirement.

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A potential showdown could begin on Monday as Congress reconvenes and is expected to take up the issue of extending long-term unemployment benefits.

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Voting rights advocates are girding for a series of crucial battles that will play out over the next twelve months in Congress, in the courts, and in state legislatures. Victories could go a long way to reversing the setbacks of the last year. Defeats could help cement a new era in which voting is more difficult, especially for racial minorities, students, and the poor.