Negotiations between industry, consumer groups and universities on U.S. rules for banking services aimed at college students have stalled over a Department of Education proposal to ban most account fees.
Akil Alvin, 19 and from Detroit, is struggling to land a job as he competes with older, more skilled applicants. Alex Lothspeich, 17 and from Charlotte, North Carolina, is choosing not to enter the workforce to focus on high school.
The Tea Party feted its five-year anniversary last month with three U.S. senators it helped elect, two of them presidential contenders. Now Occupy Wall Street, the other populist movement to emerge from the financial crisis, can claim electoral success: a Seattle city council member.
Amado Kafando tilted his head back, smiled and pumped his fists into the west African sky. “We praised God, and said, ‘At last!’” said Kafando, 45, standing amid the mud huts where he lives with 11 children and no electricity.
President Barack Obama again pressed Congress to act on his plan for boosting hiring, telling an audience in North Carolina the legislation would help small businesses expand and help young people and veterans find jobs.