Originally published on Tue February 19, 2013 10:33 am
Every month, the government sends out about 5 million checks to Americans who receive federal benefits. On March 1, the Treasury Department is making those paper checks a thing of the past.
Since May 2011, all new Social Security recipients are required to get direct deposit of their benefits. Some 93 percent of all recipients now do.
But there are still holdouts, so the Treasury Department started a campaign and a website, Go Direct, in an effort to convince the remaining 7 percent.
In his New York Times Magazine column this week, Adam Davidson looks at economists' explanations for rising inequality in the U.S. and around the world.
As the financial crisis wanes, economists are shifting their attention toward a more subtle, possibly more upsetting crisis in the United States: the significant increase in income inequality.
Originally published on Sun December 16, 2012 11:43 am
Congress has barely two weeks to agree on a deficit-cutting deal to keep the nation from going over the "fiscal cliff" in the new year. The problem is that right now there is no such deal to agree on.
Republicans reject the higher tax rates for top incomes that President Obama demands. And they also insist on more austere entitlement programs, which has Democrats digging in their heels.