National economics correspondent, The Wall Street Journal

Q&A: What the $18 Trillion National Debt Means for the U.S. Economy

blogs.wsj.com — The U.S. national debt recently topped $18 trillion, and deficits may start to climb again by 2018. What does it mean for the U.S. economy? President Barack Obama is set to release his new budget Monday. Economics reporters Nick Timiraos and Josh Zumbrun answered your questions about the deficit and debt outlook in a Q&A on Facebook.

Americans are failing to pump gas-price savings back into the economy

marketwatch.com — Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers' persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation's biggest payment-card companies said they aren't seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and electronics.

Savings at the Pump Are Staying in Wallets

wsj.com — Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers' persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation's biggest payment-card companies said they aren't seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and...

Homeowner Rate Falls to a Level Seen in ’94

wsj.com — The U.S. homeownership rate fell to its lowest level in 20 years at the end of 2014-a level last seen when national leaders embarked on a broad push to expand homeownership in the mid-1990s. Estimates published Thursday show that, after adjusting for seasonal factors, 63.9% of U.S.

U.S. Homeownership Rate Falls to 20-Year Low

blogs.wsj.com — The U.S. homeownership fell to its lowest level in 20 years at the end of 2014-levels last seen when national leaders embarked on a broad push to expand homeownership in the mid-1990s. The Commerce Department 's estimates published Thursday show that, after adjusting for seasonal factors, some 63.9% of U.S.

How a Two-Tier Economy Is Reshaping the U.S. Marketplace

wsj.com — WOODINVILLE, Wash.-Five years ago, Quadrant Homes churned out starter houses in the Seattle area with an average sales price of $269,000 and the marketing slogan, "More House, Less Money." But facing a debt-burdened middle class and rising land prices, Quadrant has since exchanged entry-level buyers for customers free of credit worries and ready to splurge.

Congressional Budget Office Sees Deficit Falling Slightly in 2015 and 2016

wsj.com — WASHINGTON-A stronger economy and government spending restraints will narrow the U.S. budget deficit this year and next to its lowest level since 2007. But deficits are projected to resume their climb by 2018 as growth slows and health and retirement costs rise, the Congressional Budget Office said Monday.

Gasoline Heads to $2, Breaking Records Along the Way

wsj.com — Gas prices appear headed below a nationwide average of $2 a gallon in coming days, extending one of the swiftest declines in decades and delivering a growing windfall to American consumers. The plunge is rippling through the U.S. economy in ways both familiar and unpredictable.

Declining Population Could Reduce Global Economic Growth By 40%

blogs.wsj.com — Declining population growth that shrinks the pool of available labor over the next 50 years will reduce by 40% the rate of growth in global economic output for the world's 20 largest economies compared to the past 50 years, according to a new study.

Job Openings Rise Near 14-Year High In November

blogs.wsj.com — Job openings rose to their highest level in nearly 14 years at the end of November, the Labor Department said on Tuesday. Openings rose to a seasonally adjusted level of 4.972 million in November, their highest level since January 2001, according to the Labor Department's monthly Job Openings and Labor Turnover Survey, known as JOLTS.
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Feb 01, 2015

Taxpayers spent nearly $300 million to pay for the stadium hosting the Super Bowl today. They may owe another $150M townhall.com/tipsheet/kevin…

Feb 01, 2015

New paper finds the returns from infrastructure spending "are a long way from being automatic" on.wsj.com/1HFOgLv pic.twitter.com/qPq7A8Mgpy

Feb 01, 2015

RT @JamesMartinSJ: Historic development in Jesuit education: the world's first Jesuit community college: Arrupe College @LoyolaChicago loyolaphoenix.com/loyola-creates…

Feb 01, 2015

Oil squeezes South Louisiana: "Let’s put it this way: Guys that I used to call for work are now calling me for work." nytimes.com/2015/02/01/us/…

Feb 01, 2015

RT @davidfrum: Here’s the secret. Celebrate Valentine’s Day on Super Bowl Sunday - get reservations at any table in town!

Feb 01, 2015

Are tech gadgets encouraging runaway tip inflation? A $3 tip on a $4 cup of coffee nyti.ms/1DsgdQN pic.twitter.com/XmpJQnwcZ4

Feb 01, 2015

That time last year people wanted to ban travel from West Africa to prevent the spread of a contagious disease forbes.com/sites/stevensa…

Feb 01, 2015

Q&A: Is govt spending out of control? And other fact-based responses to social media hysteria on.wsj.com/1EyjT76 pic.twitter.com/AePsyqT2KO

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