The U.S. economy is slowly climbing out of the worst downturn since the Great Depression, but unemployment, though falling, remains high, especially among minorities. Meanwhile, some key U.S. trading partners, notably troubled countries in the eurozone, are still in recession. Congress and the White House are deadlocked over how best to spur domestic economic growth, and the Federal Reserve continues to pump money into the economy to help it recover. Conservatives are pushing for tax cuts to spur job growth and austerity measures to reduce the federal deficit, while liberals advocate additional government spending on infrastructure and other projects to boost growth. Even as unemployment remains high, corporate profits and stock-market performance have largely recovered from the declines of a few years ago, adding to concern about widening income inequality in American society.

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles