World's 85 richest have same wealth as 3.5 billion poorest

The combined wealth of the world’s richest 85 people is now equivalent to that owned by half of the world’s population – or 3.5 billion of the poorest people – according to a new report from Oxfam.

(Source: NBCNews.com)

Obama says shutdown caused ‘completely unnecessary damage’ to economy

(Photo: NBC News)

President Barack Obama said Thursday, as the federal government blinked back to life, that the 16-day shutdown and threat of national default had inflicted “completely unnecessary damage on our economy.”

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(Source: NBCNews.com)

Strong rally on Wall Street as investors bet on a deal in Washington

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Let Washington worry about the details and the political intrigue. If you want to know how the debt ceiling drama is going to end, watch Wall Street — and Wall Street seems to think it’s almost a done deal.

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(Source: NBCNews.com)

BREAKING: Obama and Biden to meet with Reid, McConnell, Boehner and Pelosi at White House

President Barack Obama will meet with leaders in Congress on Monday afternoon as the the contours of an deal to avert a default on the national debt and reopen the federal government started to emerge.

(Source: NBCNews.com)

What’s the worst that could happen? 7 debt-default doomsday scenarios

(Photo: Richard Drew / AP)

Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a plague of locusts.

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(Source: NBCNews.com)

It’s official: Obama nominates Janet Yellen as first woman to lead Federal Reserve

(Photo: Eugene Hoshiko / AP file)

President Barack Obama nominated Janet Yellen on Wednesday as the next head of the Federal Reserve, positioning her to become the first woman to head the central bank in its 100-year history.

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(Source: NBCNews.com)

143-year-old law has Washington treading gingerly during shutdown

(Photo: Kevin Lamarque/ Reuters)

An law introduced in 1870 could get federal officials fired, even thrown in jail should they violate it during the #governmentshutdown. The “Antideficiency Act” sets strict limits on their activities during a shutdown. 

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(Source: NBCNews.com)

Obama to Congress: ‘You don’t get to extract a ransom for doing your job’

(Photo: Pablo Martinez Monsivais / AP)

As House Republicans vowed once again to delay Obamacare for a year, the president called the impending crisis “the height of irresponsibility.”

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(Source: NBCNews.com)

In surprise move, Fed keeps foot on stimulus gas pedal

(Photo: Chip Somodevilla / Getty Images)

The Federal Reserve said Wednesday it would keep its foot pressed firmly on the economic stimulus gas pedal.

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(Source: NBCNews.com)

Obama targets ‘crisis’ in college costs as part of middle-class push

(Photo: Jewel Samad / AFP - Getty Images)

President Barack Obama traded in Air Force One for “Ground Force One” as he kicked off a two-day bus tour of lower-profile cities emphasizing college affordability heading into his showdown with Congress this fall over fiscal matters and the national debt.

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(Source: NBCNews.com)

A record 21.6 million millennials live with parents

More than a third of American millennials are living at home with their parents, according to a Pew Research Center study released Thursday.

(Source: TODAY.com)

Washington gridlock set to shaft students on loans 

(Photo: Chitose Suzuki / AP file)

If Congress doesn’t act fast, millions of undergrads will see their student-loan interest rates double. But the country’s student debt crisis affects so many more. 

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(Source: nbcnews.com)

Recession’s fallout: Spending per student falls for first time ever

(Photo: Seth Perlman / AP)

The amount of money spent per public school student fell in 2011 for the first time since the Census Bureau began keeping records more than three decades earlier, as economic woes finally caught up with educational realities.

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Innocence lost: Class of 2013 comes of age in a weak economy

(Photo: Jonathan Gibby for NBC News)

The members of the class of 2013 entered college under the gloom the Great Recession, came of age in an era of economic uncertainty and are graduating into a job market still scarred by high unemployment.

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There may be millions more poor people in the US than you think

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It is responsible for an estimated half-trillion dollars in federal spending every year, is hated by nearly everyone who studies it and is based on an American lifestyle older than the space program.

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