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On Tuesday, the House Financial Services Committee voted out six bills that would make changes to the Dodd-Frank financial reform law that could have far-reaching consequences. The bank lobbyists deserve a bonus this year.

The banks have systematically figured out how to rip off the government,” Lerner says. Part of that ripoff was the LIBOR scandal, which had a “massive consequence on everything,” according to Wallace Turbeville, a former Goldman Sachs employee and current senior fellow at nonpartisan think tank

As we contemplate the possibly bright future of pre-K laid out in Obama’s state of the union address this year, in which the feds work together “with states to make high-quality preschool available to every single child in America,” along comes a sobering glimpse of what public preschool looks like

NEW YORK, NY – With much attention on labor strikes spreading across the country to protest low pay and poor working conditions in the retail and fast food industries, national public policy center Demos releases a new report today documenting a surprising part of the economy where low wages are

The vacuous, cheerful expression of the Walmart smiley face has long been associated with the paradoxically dark reality of low-wage work. With the recent fast-food worker walkouts in New York, the golden arches may go down, too, in the annals of class-war symbology.

The entire social and fiscal debate ignores this monster of an issue, but it’s only a matter of time. The kids are moving back home when they graduate and can’t find work. Soon, grandma and grandpa are going to be moving in, too. There’s a reckoning ahead that policymakers and the news media haven’t

BlackRock, Inc., is the largest asset management company in the world, with nearly $4 trillion under management. It is also a major player in the 401(k) business. So it's worth paying attention to the fact that yesterday, BlackRock's CEO, Larry Fink, gave a speech at NYU in which he declared that

Federal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates.

For years now, I’ve been asking myself how the federal government justifies charging students nearly 7 percent for loans when banks can get federal funds virtually interest-free (the Fed discount window rate is currently 0.75%).