Economy Events

2009 Jun Unemployment reaches 9.5 percent in June
The American economy lost 467,000 more jobs in June, and the unemployment rate edged up to 9.5 percent in a sobering indication that the longest recession since the 1930s had yet to relea...
2009 Jul 15 Technical Error Results in $23,148,855,184,500 Charge by Visa
NEW YORK (CNN) -- A technical snafu left some Visa prepaid cardholders stunned and horrified Monday to see a $23,148,855,308,184,500 charge on their statements. That's about 2,007 ti...
2009 Sep 24
to 2009 Sep 25
 G-20 Pittsburgh Summit
The Pittsburgh G20 Summit appears to have made some progress towards reshaping global power structures to make them more representative, said anti poverty campaign group ONE. But media re...
2009 Dec 4 Jobs Report Shows Progress Better than Expected
The administration welcomed figures showing a significant slowing of job losses as President Barack Obama visited a Pennsylvania metal works plant Friday and visited with hard-hat workers...
2009 Dec 11 House of Representatives Passes Measure to Tighten Federal Regulation of Wall Street
"As we have seen over the past year, our financial system is broken and we can no longer afford to maintain the status quo." —Representative Ed Perlmutter
2011 Apr 1 U.S. Labor Department Announces Decline of Jobless Rate to 8.8 Percent
The headline unemployment rate fell to 8.8 percent last month as the U.S. economy enjoyed a net gain of 216,000 new jobs, the Labor Department said Friday. Joblessness is at its lowes...
2011 Jun 29 President Obama Addresses Debt Deadlock in News Conference
President Barack Obama today held a news conference at the White House in which he advocated myriad ways to reduce the deficit, including ending tax breaks for the wealthy, oil companies,...
2011 Aug 1 US House of Representatives Approves Raising of Debt Ceiling
The House on Monday voted to approve a deal to raise the debt limit, voting 269-161 for a bill that would cut government spending by trillions and effectively raise the debt ceiling throu...
2011 Aug 6 Standard & Poor's Downgrades United States Credit Rating
A day after Standard & Poor's took the unprecedented step of downgrading the creditworthiness of the U.S. government to AA+ from AAA, the ratings agency offered a full-throated defense of...
2011 Aug 9 Wisconsin Holds State Recall Elections
Never before in American politics have voters recalled more than two state legislators in a single year. That record could be broken on Tuesday, when Wisconsinites vote to decide the fate...
2011 Sep 8 President Obama Proposes $447 Billion Jobs Package
President Barack Obama on Thursday laid out his $447 billion economic plan before a joint session of Congress, saying that lawmakers should put the interests of the American people before...
2011 Sep 17 Approximately 1,000 People Attend First 'Occupy Wall Street' Event'
On Saturday, about 1,000 showed up to protest that 40 per cent of the wealth in the U.S. is held by one per cent of the people, and a record one in seven Americans live in poverty, the hi...
2011 Sep 29 Bank of America Implements Debit Card Fees, Outraging Customers
Debit card fees announced by Bank of America are sparking outrage among consumers who turned to social media with their vows to switch banks, boycott Bank of America and otherwise show th...
2011 Oct 2 700 Anti-Wall Street Protesters Arrested on Brooklyn Bridge
Protesters speaking out against corporate greed and other grievances were maintaining a presence in Manhattan's Financial District even after more than 700 of them were arrested during a ...
2011 Oct 11 Occupy Wall Street Movement Protests in Front of of Upscale Manhattan Homes
The millionaires and billionaires were targeted for what event organizers called a "willingness to hoard wealth at the expense of the 99%." Making their way up 5th Ave., the protesters...
2011 Oct 15 Over 70 Protesters Arrested in New York at Occupy Wall Street Demonstration
Police say more than 70 people have been arrested in New York City during demonstrations against corporate greed, including 45 in Times Square. Two police officers suffered injuries an...
2011 Oct 15 Riot Police Fire Tear Gas as Rome as 'Occupy Wall Street'-Inspired Protests Turn Violent
A protest against financial institutions that drew tens of thousands of supporters on Saturday took a violent turn as packs of hooded youths waged a city-wide street fight with police. ...
2011 Oct 27 European Leaders and Banks Reach Debt Deal to Save Euro
It was approaching 2 a.m. Thursday, not long before the Asian markets would open, and the two leaders were desperately trying to nail down the last component of a complex deal to save the...
2011 Nov 1 Bank of America Cancels Debit Card Fees Following Customer Revolt
The bank, the nation’s second-largest, said it was abandoning its plan to charge customers a $5 fee to use their debit cards for purchases. Only a month earlier, the bank had announced th...