Republican efforts to stop Obamacare are a throwback to past efforts by former lawmakers to stop other federal entitlement programs. The New York Times reports.» Read More
Erna Solberg, leader of the Conservative Party of Norway, tells CNBC that Norway needs to diversify its economy away from oil and gas.
Food stamp usage in America has gone up 70 percent since 2008. Art Laffer, Laffer Investments; Dean Baker, Center For Economic & Policy Research; and Hadley Heath, Independent Women's Forum, discuss.
More than 46 million Americans are living below the poverty line. Casey Mulligan, University of Chicago Professor of Economics; Rana Foroohar, Time Magazine; Katie Burke, Edelman; Katherine Mangu-Ward, Reason Magazine; and Morgan Brittany Townhall columnist, provide perspective.
Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics or PIIE says China is responding to a de facto democratization shock with its pledges to bridge social inequality. He says China needs to deliver good and inclusive growth.
Chris Whalen, Executive Vice President and MD, Carrington Investment Services says Americans have the right to own firearms but they must take strict safety precautions about their usage.
Pu Yonghao, Regional CIO, APAC, UBS Wealth Management says there weren't any arrests during the latest protests against censorship in China. He says this could be seen as a move towards more openness to political reforms.
The New York Post reports today that welfare recipients used electronic bank transfer cards to take out case for strip clubs, liquor stores and x-rated shops. Larry Elder, author of "Dear Father, Dear Son," provides perspective. "The real elephant in the room is why are so many people on food stamps and welfare," says Elder.
George Buckley, chief UK economist at Deutsche Bank, tells CNBC that the UK is off schedule on its austerity plan because the levels of growth were overestimated.
Is America on the path to welfare and government dependency, or is there a future of free market capitalism? Larry Elder, author of "Dear Father, Dear Son," and radio talk show host, discusses the impact of the U.S. depending on the government.
It’s a cynical question. But I wouldn’t put it past that cynical bunch.
A new study from the Congressional Research Service finds that federal spending on welfare has increased 33 percent since 2008. Larry Kudlow is outraged!
CNBC Contributor Robert Costa weighs in on the Romney Camp's efforts in Florida today; and a CRS report says the Federal and State Governments combined have spent almost $1.03 trillion on welfare, with Douglas Holtz-Eakin, American Action Forum president, and CNBC Contributor Jared Bernstein.
Hundreds of thousands of public sector workers have received pay increases despite George Osborne’s “pay freeze,” announced in mid-2010, the Financial Times reports.
As the euro zone debt crisis deepens and austerity measures take their toll across Europe, the number of young children and babies abandoned across the region has increased, according to local charities.
With his first Bastille Day approaching on Saturday, François Hollande and his government have had a good start to his presidency, impressing the French with a down-to-earth style, the New York Times reports.
Plans by the chancellor to take £10 billion a year, or almost £1 in £20, out of the welfare budget are being openly resisted by the department for work and pensions in the first sign of government infighting over the coming spending round.
The United States faces a "true revolution" in the choices it will have to make to secure its fiscal future now that the welfare state has run up against a "brick wall of economic reality", former Federal Reserve Chairman Alan Greenspan said on Wednesday.
Workers claiming state help with childcare and housing costs will be expected to seek longer hours, or risk sanctions that could include loss of benefits or a requirement to undergo training, in a radical shift in Britain’s welfare system, the Financial Times reports.
Rep. Paul Ryan (R-WI) says the worries on default lie on those people that are net takers instead of net makers in the nation. Instead, a welfare program for people to help themselves get back on their feet is necessary as opposed to a program that doesn't steer the direction for education and improvement is the way to go.
Britain’s ruling coalition is to modify its plan for a rigid £26,000 annual cap ($42,190) on the total benefits that can be claimed by any household, amid fears it could force thousands of poor families out of their homes in London, the FT reports.