NYT > Economy

    Budget Deficit Jumps Nearly 17% in 2018

    Budget Deficit Jumps Nearly 17% in 2018


    Treasury Department data show the federal budget deficit rose to $779 billion in fiscal year 2018, an increase of nearly 17 percent year over...

    Plunging corporate tax revenues from the Trump tax cuts helped push the annual deficit to $779 billion. It is on track to reach $1 trillion by 2020.
    Interest Rates Are Rising for All the Right Reasons

    Interest Rates Are Rising for All the Right Reasons


    The housing sector is especially sensitive to the longer-term interest rates set on the bond market, which in turn determine mortgage...

    Here’s what the bond market is really telling us about the economic future.
    California Tenants Take Rent Control Fight to the Ballot Box

    California Tenants Take Rent Control Fight to the Ballot Box


    A rally in San Francisco by supporters of Proposition 10, a ballot initiative that would loosen California’s restraints on local rent control...

    An initiative to loosen state restraints on local rent restrictions is the focus of a political battle being fought with tens of millions of dollars.
    Why Rent Control Is a Lightning Rod

    Why Rent Control Is a Lightning Rod


    Eva Jimenez, an Oakland, Calif., tenant, is a member of the Alliance of Californians for Community Empowerment, which is running the “Yes on 10” Campaign with the AIDS Healthcare...

    Proposition 10 in California has put a new focus on an old question: whether rent control tends to ease or compound a shortage of affordable housing.
    Marriott Workers Struggle to Pay Bills, and Credit Union Fees

    Marriott Workers Struggle to Pay Bills, and Credit Union Fees


    Jose Ramirez Paredes makes just over $13 an hour as a cleaner at the Baltimore Marriott Waterfront. His August statement from the Marriott Employees’ Federal Credit Union shows more than $800 in overdraft fees for the...

    At the Marriott credit union, with unusually high fees, service workers find further stress on thin paychecks while better-paid employees get deals.
    Retraining Workers for New Jobs and New Lives After Prison and Addiction

    Retraining Workers for New Jobs and New Lives After Prison and Addiction


    Residents of Campbell County, Tenn., line up for meals at a festival in LaFollette centered around helping those with drug problems. The festival was part of a grass-roots effort to improve the region’s economy and address the opioid...

    A town and a country struggle to make a comeback from a shortage of skilled workers and a plunge into widespread opioid abuse.
    When Designer Steel From Lapland Makes Sense, DespiteTariffs

    When Designer Steel From Lapland Makes Sense, DespiteTariffs


    The steel is shipped across the Baltic Sea and then across the Atlantic to American manufacturers, which have been among the Finnish company’s eager...

    The Finnish steel manufacturer Outokumpu has access to mineral deposits that give it a clear advantage over U.S. makers. But Trump’s tariffs are raising prices for American customers.
    Tech Workers Now Want to Know: What Are We Building This For?

    Tech Workers Now Want to Know: What Are We Building This For?


    Laura Nolan, a software engineer in Ireland, left Google in June over the company’s involvement in Project Maven, an effort to build artificial intelligence for the Department of...

    Tech employees concerned their products are being deployed for government surveillance or censorship are increasingly asking their employers how the technology is being used.
    Sovereign Wealth Funds Embrace Their Growing Ambitions

    Sovereign Wealth Funds Embrace Their Growing Ambitions


    The Saudi stock exchange in Riyadh. In September, Saudi Arabia’s sovereign wealth fund invested $1 billion in Lucid Motors, an electric...

    Once regarded mostly as sources of money for professional money managers, sovereign funds have matured into aggressive investors.
    With 8 Years of Job Gains, Unemployment Is Lowest Since 1969

    With 8 Years of Job Gains, Unemployment Is Lowest Since 1969


    Ford’s River Rouge plant in Dearborn, Mich. “I view this as the strongest labor market in a generation,” said Andrew Chamberlain, chief economist at the career site...

    The American economy added 134,000 jobs in September, the Labor Department said, and unemployment fell to 3.7 percent.
    Corner Office: Eileen Fisher: ‘When Was Fashion Week?’

    Corner Office: Eileen Fisher: ‘When Was Fashion Week?’


    Eileen Fisher believes that collaboration is more effective than...

    The founder of her namesake clothing line drew inspiration from the kimono and never looked back. Today she oversees her company with a light touch and steers clear of the fashionista set.
    Macron, With Popularity Slumping, Tries Tax Cuts for France’s Working Class

    Macron, With Popularity Slumping, Tries Tax Cuts for France’s Working Class


    President Emmanuel Macron, whose popularity in France has plummeted, tried to appear more down to earth during a trip to the French Antilles last...

    As polls numbers drop, President Emmanuel Macron promises benefits for middle- and low-income earners and tells investors he won’t halt economic reforms.
    Do Muoi, Vietnam’s Leader in Economic Transition, Dies at 101

    Do Muoi, Vietnam’s Leader in Economic Transition, Dies at 101


    Do Muoi speaking to reporters in Hanoi in 1996 after he was named to a second term as general secretary of Vietnam’s Communist...

    He was called “a prime example of a steadfast communist.” But he also pushed through reforms as Vietnam opened its markets and encouraged free enterprise.