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

Visa's survey says consumers are spending just 25% of their savings from lower gas prices on.wsj.com/1Evg3vt pic.twitter.com/nIFcrTSS2M

Feb 01, 2015

Study of sprinters who go to bed late and wake up late: they were 26% slower when they ran in the morning vs evening nyti.ms/1CQ37P5

Feb 01, 2015

Austerity bites: 100,000 people marched through Madrid in a show of strength by a fledgling radical leftist party hosted.ap.org/dynamic/storie…

Jan 31, 2015

@peterhaynes1 @costrike consumers tend to spend more once they see savings aren't temporary. 25% in first 6 months; 2/3rds in first year.

Jan 31, 2015

Coaches enforce curfew for the Super Bowl by tiptoeing into rooms with keys and flashlights on.wsj.com/1EwKUYG pic.twitter.com/mbbYpIXDr4

Jan 31, 2015

In Caracas, armed soldiers check to make sure that citizens aren't buying too much food nyti.ms/1Dlusqj pic.twitter.com/rjNNqttl7e

Jan 31, 2015

Russia's economy minister says the country's GDP will shrink 3% in 2015. Inflation forecast raised to 12% on.wsj.com/1EwmTAM

Jan 31, 2015

@milesgt Who's the victim? (Honest question). If borrower is in default, it seems the real victim is the legal system.

Jan 31, 2015

Urbanites and Democrats are more likely to discourage their children from playing football on.wsj.com/1uK6ujQ pic.twitter.com/iYzpu5YAbp

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