Heavily reliant on federal spending, New Mexico could be thrust into another recession if the partial government shutdown lasts for weeks, a University of New Mexico economist said.
Nevada Gov. Brian Sandoval said Saturday President Barack Obama and Congress should learn from him and other Republican governors who have put aside partisanship to work with Democratic lawmakers to grow their economies through spending cuts and business tax exemptions.
Nevada’s unemployment rate has dropped to 9.5 percent in May, the lowest it’s been since 2008.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The alarming billboards appeared overnight on the street corners and empty lots of North Las Vegas, the hardest recession-hit city in the hardest-hit state in the nation.
LAS VEGAS (CBS) – After four years of recession, Southern Nevada’s economy is on track for improvement.
Later this week, volunteers will spend the early morning hours across the Las Vegas Valley to count how many homeless people are on the streets.
How should have the leaders in Washington responded to the economic meltdown? What will President Obama address in his State of The Union address tomorrow?
Senate Majority Leader Harry Reid, facing a tough re-election bid in one of the states hardest hit by the recession, said today that the economic downturn was not his fault.
Although the current recession may be bad news for many retailers, it’s allowing others to enter the market.