The Social Security trustees’ latest report moves up the system’s insolvency date by four years, to 2037. Medicare’s hospital fund runs out of money in 2017, two years sooner than expected. What’s more, the hospital fund is already paying out…

Gary Stern, president of the Federal Reserve Bank of Minneapolis, literally wrote the book on financial institutions that are too big to fail. It shouldn’t be surprising, then, that he addressed the subject in a speech this morning at Washington University’s…

The Big Three automakers’ real problem is that they don’t make enough cars that Americans want to buy. A case in point, the Detroit News points out, is the lineup of vehicles owned by members of the new Presidential Task Force…

The stock market gave a big thumbs-down today to Timothy Geithner’s revamped bank-bailout plan. Douglas Elliott, a fellow in economic studies at the Brookings Institution, isn’t a big fan of the bailout either.

Specifically, he doesn’t like the “bad bank” that would use…

An Investor’s Business Daily editorial puts an interesting spin on Caterpillar’s announcement of 20,000 job cuts:

No one has pleaded as earnestly for Congress to pass a Colombia free-trade pact as Caterpillar. Now, with earnings down and 20,000 American jobs to…