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ECONOMY WATCH

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Paul Krugman: We're already in a great depression

Says Europe is wrong on austerity that may sink the global economy deeper into the 1930s style depression which has already begun.

Dow Logs Best Close Since May 2008

The economy created 243,000 new positions in January, the largest increase since April 2011.

Indiana passes right-to-work legislation

Gov. Mitch Daniels on what new law means to his state.

 
INFO:
Where Do Your Taxes Go?
Total Federal Budget: $2.7 Trillion Dollars


Social Security: $581 Billion

Medicare & Medicaid: $561 Billion

Defense Spending: $549 Billion

Discretionary Funding: $493 Billion

Other/Mandatory Spending: $309 Billion

Interest on Federal Debt: $237 Billion

Source: Budget of the United States Government
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