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Obama 2015 budget seeks $60 billion tax credit expansion: White House

Last Updated: Tuesday, March 04, 2014, 10:00

President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans.

US war on poverty still not won, 50 years on

Last Updated: Wednesday, January 08, 2014, 01:35

The US poverty rate has dropped from 26 percent in 1964 to 16 percent today, thanks in particular to a variety of food aid programs and tax credits, says the Center on Budget and Policy Priorities.

US poverty rises despite economic recovery

Last Updated: Wednesday, September 18, 2013, 09:21

The number of US residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans.

4 out of 5 US adults face poverty, joblessness: Study

Last Updated: Monday, July 29, 2013, 22:37

A recent survey has revealed that four out of five adults in the United States are either struggling with joblessness or reaching poverty or rely on welfare for parts of their lives, which points finger towards the deteriorating economic security in the country.

Record US poverty rate holds at 15% as inequality grows

Last Updated: Thursday, September 13, 2012, 10:59

About 46 million Americans lived in poverty last year, accounting for 15 percent of the population, the US census bureau announced Wednesday.

US intelligence sees poverty plummet by 2030

Last Updated: Sunday, July 29, 2012, 08:53

Poverty across the planet will drop sharply by 2030, with a rising middle class of some two billion people pushing for more rights and resources.

Extreme poverty rises in US: Study

Last Updated: Friday, November 04, 2011, 22:18

The number of Americans living in extreme poverty has grown by more than one-third over the past decade.

US poverty rate swells to nearly 1 in 6: Census

Last Updated: Wednesday, September 14, 2011, 13:38

The ranks of America`s poor swelled to almost 1 in 6 people last year as long-term unemployment left millions of Americans struggling and out of work.

US poverty rate hit 15% in 2010

Last Updated: Wednesday, September 14, 2011, 10:44

The US poverty rate increased from 14.3 percent in 2009 to 15.1 percent last year, a figure equivalent to 46.2 million people, the Census Bureau said Tuesday.

Number of poor hit record 46 million in 2010

Last Updated: Wednesday, September 14, 2011, 10:25

The US poverty rate hit its highest level since 1993 last year with a record 46 million Americans living below the poverty line, according to a government report on Tuesday that depicted the grim effects of stubbornly high unemployment.