Rana Foroohar is the Assistant Managing Editor in charge of Economics and Business for Time magazine. She's also Time's economic columnist. Previously, Foroohar was an economics editor and foreign correspondent for Newsweek magazine. She is the recipient of numerous journalism awards, and is a frequent commentator on business for CNN, MSNBC, and the BBC. Foroohar is a life member of the Council on Foreign Relations.
President Obama and Republicans in Congress have yet to agree on a solution to the impending fiscal cliff, a package of tax hikes and spending cuts set to go into effect in the New Year. Thus far neither side has shown a strong willingness to concede to what the other wants. Rana Foroohar, assistant managing editor of TIME Magazine, explains.
For those of us lucky enough to be employed and making money, there seems to be no good place for us for us to invest that money. Is the solution to put it back in our wallet?
Hundreds of thousands of Egyptians are still in the streets to call for an end to the three-decade rule of President Hosni Mubarak. At issue for many protesters is the dire standard of living. How can a new government make things better? And here at home, as the country is trying to pull itself out of a recession, we look at whether unrest in Egypt have an impact on the American economy?