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By Leslie Rosenberg After weeks of dismissing news that the economy is improving and downplaying concerns over income inequality, Fox News is now trying to pivot the conversation away from economic growth to focus on deficit reduction, even as economists continue to warn that doing so would be bad for the economy. Fox News contributor Tucker [...]

An emerging myth being pushed by the right contends that federal spending to rescue GM and Chrysler was unnecessary, and that the companies instead should have gone through a “traditional” bankruptcy. In fact, economists at the time explained that frozen credit markets made private financing for a “traditional” bankruptcy impossible. MYTH: GM And Chrysler Could [...]

The healthier job market that’s lifted the U.S. economy in recent months shows no signs of slowing. Applications for unemployment benefits are near a four-year low, raising expectations of further hiring gains. The news Thursday helped lift the Dow Jones industrial average to its highest close since May 2008. More jobs and tame inflation are [...]

Millions of borrowers who could have their foreclosure cases checked for errors – and possibly get restitution – are passing up the chance. Federal banking regulators announced Wednesday that they’ll extend an April 30 deadline for consumers to request such reviews to July 31. Only 89,000 people have asked for reviews even though more than [...]