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Jack Lew: Obama will negotiate over government funding, not debt limit
Economy

Jack Lew: Obama will negotiate over government funding, not debt limit

Joseph Lawler -
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One datapoint from last week’s economic news stood out: median household income has declined since the recession ended. (Photo: Thinkstock)
Economy

The week ahead in economics: Declining wages color incoming data

Joseph Lawler -
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Treasury Secretary Jacob Lew expects that the Treasury will exhaust its abilities to meet the federal government’s obligations without breaching the debt ceiling in mid-October. (AP File)

Treasury: Debt limit will be reached in mid-October

Joseph Lawler -
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Matilde Hoffman seats patrons while working part time as a hostess at 'Petite Abeille' in New York City. Hoffman could not find a full-time job after graduating from University of Southern California with a bachelors degree in neuroscience. (Allison Joyce/Getty Images)
Economy

San Francisco Fed: Weak demand, not Obamacare, behind rise in part-time work

Joseph Lawler -
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What they found, examining descendants of lottery winners in Census data, was that the windfall of winning the lottery had little effect on families a few generations on. Lottery winners were not more likely to send their children to school than lottery losers.
Economy

Poverty trap? New study shows little impact of financial windfalls for families

Joseph Lawler -
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President Barack Obama speaks about affordable college education during a town hall meeting at Binghamton University, Friday, Aug. 23, in Vestal, N.Y. (AP/Mike Groll)
Education

Obama: Law school should be two years, not three

Joseph Lawler -
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A construction worker drills on the roof of a new home in New Paltz, N.Y. New-home sales fell 13.4 pct. in July to the lowest level in nine months as mortgage rates rise.
Economy

Weak new-home sales raise fear of faltering housing recovery

Joseph Lawler -
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Treasury Secretary Jacob Lew warned that the economy might not be able to weather another confrontation over the debt ceiling like the one in 2011. (AP File)

Treasury Secretary Jacob Lew to GOP: Raise debt ceiling immediately after recess

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Fed Chairman Ben Bernanke raised the possibility of a September taper in a June press conference in which he sketched out a timeline for winding down the stimulus program beginning this fall. (AP/Charles Dharapak)
Economy

Minutes show Federal Reserve still uncertain about stimulus ‘taper’

Joseph Lawler -
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The U.S. Federal Reserve building in Washington (Mark Wilson/Getty Images)
Economy

Businesses not confused by Federal Reserve’s interest rate plans

Joseph Lawler -
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