Thursday December 8, 2022
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BY Fight Back! Editors | United States | 3/10/09
In the six months since the financial crisis exploded with the collapse of New York investment bank Lehman Brothers, the world economy has been gripped by the greatest economic crisis since the Great Depression of the 1930s.
BY staff | St. Paul, MN | 3/04/09
Leaders of the Minnesota Coalition for a People’s Bailout responded to the state budget forecast, March 3. The forecast anticipates a $4 billion deficit, despite the billions that will flow in from the federal stimulus.
BY Adam Price | San Jose, CA | 2/17/09
Representatives of the U.S. Senate and House of Representatives agreed upon a compromise economic package Feb. 11 totaling $789 billion in federal spending and tax cuts over the next two years. The bill is expected to quickly pass the House and Senate and be signed into law by President Obama within the next week.
BY staff | St. Paul, MN | 2/12/09
The Minnesota People’s Bailout legislation was introduced in the Minnesota State Senate and House, Feb. 9.
BY Adam Price | San Jose, CA | 2/11/09
On Feb. 6 the Labor Department reported that 598,000 jobs were lost in January and at the same time revised upwards their report on job losses for November and December.
BY Fight Back! Editors | United States | 2/05/09
When the House of Representatives bowed to popular anger and defeated the Bush administration’s $700 billion bailout bill on Sept. 29, 2008, Wall Street was dealt a stunning defeat.
BY Adam Price | San Jose, CA | 2/03/09
On Jan. 29 the IRS released a report on the country’s 400 richest taxpayers in 2006.
BY Adam Price | San Jose, CA | 2/02/09
Latest figures from the Federal Reserve show that the basic measure of the country’s money, or M-1, rose by $100 billion in the last three months of 2008.
BY Adam Price | San José, CA | 1/24/09
On Jan. 7, the Congressional Budget Office (CBO) estimated that the federal budget deficit for this fiscal year (October 2008 to September 2009) would be $1.2 trillion.
BY Adam Price | San Jose, CA | 1/10/09
On Friday, Jan. 9, the Department of Labor reported that 524,000 jobs were lost in December. With even more jobs losses in November than estimated last month, 2008 was the worst year for jobs since 1945, with more than 2.5 million jobs lost.
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