Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.
The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said.
"Any military in the world that uses its power to bully, intimidate and destabilize the economy of the world, is not in the United States' best interests, nor of our allies nor our friends," Rep. Rogers said.
Check out some of this week's top headlines from across Manufacturing.net, from the financial struggles of the birthplace of GM to a train accident that damaged six Boeing commercial airplane bodies.
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.
China's export growth edged higher in June in a small sign of improvement for the world's second biggest economy as it undergoes an uneven recovery.
France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.
Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.
To hear President Barack Obama describe it, there's a creeping case of cynicism setting in across the country, leading Americans to suspect that not only is Washington broken, it's beyond fixing.
Lou pointed out that the U.S. economy shrank at a 2.9 percent annual rate from January to March — largely because of a brutal winter — and said China hopes the U.S. "can take measures to ensure the momentum of growth."
Flint, which was the birthplace of General Motors and once had 200,000 residents, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment, much like its insolvent big brother an hour's drive south.
U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.
Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.
"The basic structure of the labor union movement has changed, reflecting changes in the economy," said Ross Baker, a political science professor at Rutgers University. "Manufacturing is a diminishing segment of the economy. Also, a lot of the manufacturing that's being done today is being done nonunion."
China's economy improved in the latest quarter but faces "downward pressure," and Beijing will increase the strength of targeted policy measures to shore up growth, the country's premier said Monday.
Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.
Holcomb indicates that there aren’t any specific concerns facing manufacturing right now and that the opposite is more likely. Business volumes are stable and are getting stronger, depending upon the specific industry, but all pointing in the right direction.
Many owners whose businesses failed during the recession have taken the plunge again, restarting or opening new businesses, but they're not repeating past mistakes. Their companies are leaner, smarter and less risky.
The Commerce Department reports that orders fell 0.5 percent, pulled down by falling demand for military and transportation equipment. That followed increases of 0.8 percent in April, 1.5 percent in March and 1.7 percent in February.
A full year since emerging from recession, the stuttering economy of the 18-country eurozone is still unable to create enough jobs to make a significant dent in the unemployment rate.
The economy in nine Midwestern and Plains states should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.
California's minimum wage will rise to $9 an hour when a new law takes effect and provides workers with the first such increase since 2008.
Weakness in manufacturing has posed a challenge to Chinese leaders' efforts to nurture growth based on domestic consumption and reduce reliance on trade and investment.
The Institute for Supply Management said Tuesday that its manufacturing index dipped to 55.3 in June from 55.4 in May. Any reading higher than 50 signals that manufacturing is growing.