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US labor markets ended 2012 with a whimper, as Friday’s release of the December unemployment numbers showed all major indicators essentially unchanged.

WASHINGTON, D.C. – In response to the Securities and Exchange Commission’s (SEC) commitment to consider a proposed rule to require disclosure of corporate political spending, the Corporate Reform Coalition will hold a press call on Tuesday, January 8 th at 9:30 am to discuss this positive

Last year, in 2012, the U.S. government spent about $841 billion on security -- a figure that includes defense, intelligence, war appropriations, and foreign aid. At the same time, the government collected about $1.1 trillion in individual income taxes. (And about $2.4 trillion in revenues overall

Bank of America yesterday padded its lead over other mega-banks in the aggregate amount of settlements paid out over the last three years by announcing two multi-billion dollar agreements in a matter of hours. Since the end of 2008, it has incurred $43.5 billion in payouts, an amount that exceeds

As my colleague David Callahan discussed here last week, the current issue of The Atlantic includes an article written by Frank Partnoy and Jesse Eisenger entitled “What’s Inside America’s Banks.” The authors make the point that the financial health of the big banks is, at best, obscure because of

The public sector lost another 13,000 jobs in December, bringing the post-recession job loss total for federal, state, and local governments to more than 600,000. Those job losses — many of which have hit teachers, firefighters, police officers, and other public safety officials — have had a

For every five workers who were hired in the past three months, one was laid off by government.

Given his long record of climate advocacy, John Kerry’s nomination for Secretary of State is a sign that climate change may receive more attention in the second Obama Administration. In addition to co-sponsoring a cap-and-trade bill in the Senate, Kerry made it a point in his presidential campaign

In his post-mortem on the fiscal cliff negotiations, David Leonhardt argues that President Obama’s incentives throughout were to reduce inequality. In that light, he writes, the deal was a success.

One of the main lessons of the financial crisis was that big banks -- along with a parallel "shadow banking system" -- had become too opaque, and that it was impossible to know the full scope of their risky behavior.