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New research illustrates ways in which the current economic difficulties of African American households are compounded even further by a legacy of discriminatory policies that have left African Americans with significantly fewer assets and lower rates of homeownership than white households.

In the wake of the worst effects of the Great Recession, African Americans, like Americans as a whole, are getting their balance sheets in order and paying down credit card debt. But new research from Demos’ National Survey on Credit Card Debt of Low-and Middle-Income Households finds that African

The largest city in American history to file for bankruptcy protectionis officially bankrupt.

The bill for decades of Detroit's financial decline has now come due. A federal judge's ruling approving the largest municipal bankruptcy in U.S. history Tuesday sets the stage for an epic legal battle over who will be asked to help pick up the tab, including bond investors, retired city workers

Contact: Lisa Gilbert, Public Citizen, 202-454-5188

Last I checked, populism was the strongest force in American politics today, so it was odd to read an op-ed by Third Way leaders Jon Cowan and Jim Kessler arguing that populism is a sure loser for Democrats. Odder still was the fact that Cowan and Kessler never even manage a nod to populism's

Today, bankruptcy judge Steven Rhodes ruled that the criteria for the bankruptcy proceeding for the City of Detroit have been met and the legal proceedings will go forward immediately. While at the same time disappointing and expected, there are some important elements in the ruling that could shape

Next November, Californians will decide whether to raise the state's minimum wage to $12 an hour -- which would be the highest level of any state and not so far from the $15 an hour goal often mentioned by labor activists.

The left has gotten its mojo back in recent years, rediscovering its populist roots to take on Wall Street and -- through a revived labor movement and other attacks on inequality -- returning to its central project of creating a just economy. But something is still missing from the progressive pitch

Tens of thousands of Detroiters are waiting anxiously for 10 a.m. Tuesday. That’s when they’ll hear from Judge Stephen Rhodes whether the city is eligible for bankruptcy protection, a decision that could affect pensions, city services and healthcare for residents. Detroit filed for bankruptcy