The administration has lowered its deficit projections from last February but cautions that further action is needed to invigorate the economy in the short term and hold down deficits in the long run.Jack Lew, director of the Office of Management…
In blunt but appropriate language, Federal Reserve Chairmen Ben Bernanke used a high-profile speech late last week to criticize Washington’s handling of the recent debt limit controversy and to call for a better process for making fiscal decisions.Speaking at an…
Wall Street recorded one of the most volatile weeks in its history as investors last week reacted to the struggling American economy, Europe’s debt crisis, the downgrade of the U.S. credit rating by Standard & Poor’s, and continuing doubts about…
Members of the new Congressional Joint Committee on Deficit Reduction will have a threshold decision to make: Do they want to take their mandate seriously?If the answer is yes, they will likely have to make decisions in the public interest…
