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CRFB Commends the Excellent Work of the Fiscal Commission
(Committee for a Responsible Federal Budget - 12/03/2010)
This morning, the National Commission on Fiscal Responsibility and Reform announced that 11 of its 18 members support the panel's recommendations for the President and Congress to significantly reduce budget deficits and the debt, and strengthen the economy. The final plan, "The Moment of Truth," identifies more than $4 trillion in savings this decade.
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Fresh Attack on Fed Move (The Wall Street Journal - 11/15/2010)
The Federal Reserve's latest attempt to boost the U.S. economy is coming under fire from Republican economists and politicians, threatening to yank the central bank deeper into partisan politics.
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How to Make the Dollar Sound Again (The New York Times - 11/13/2010)
BY disclosing a plan to conjure $600 billion to support the sagging economy, the Federal Reserve affirmed the interesting fact that dollars can be conjured. In the digital age, you don’t even need a printing press.
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Voters Back Tough Steps to Reduce Budget Deficit (The Wall Street Journal - 08/17/2010)
Frustrated voters, fixing on the $1.5 trillion federal deficit as a symbol of Washington's paralysis, appear increasingly willing to take drastic steps to address the red ink. Leonard Anderson, 56 years old, a Richmond, Va., drug-maker engineer and ...
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Study Looks at Tax Cut Lapse for Rich (New York Times - 08/11/2010)
As debate heats up over President Obama's proposal to let the Bush tax cuts expire for the wealthy but to extend them for everyone else, a nonpartisan Congressional analysis circulated on Capitol Hill on Tuesday provides a look at the impact ...
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Trading Day : May 10, 2010 : "Downgrade the US!" (BNN - 05/10/2010)
Martin Weiss, president of Weiss Ratings, challenges S&P, Moody's and Fitch to downgrade long-term U.S. debt. ...
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Obama says consider everything in tackling debt (Reuters - 04/27/2010)
President Barack Obama on Tuesday told a commission that will suggest ways to rein in soaring U.S. budget deficits to consider every possible remedy to put the country on a path toward fiscal health. Obama said the 18-member bipartisan National Commission ...
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Duo Seeks Public Meetings On Debt Panel (CongressDaily - 04/19/2010)
Reps. Frank Wolf, R-Va., and Jim Cooper, D-Tenn., are urging the leaders of President Obama's deficit-cutting commission to arrange a series of public meetings to win acceptance of its proposals. Wolf and Cooper co-sponsored legislation that ...
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I.M.F. Warns Wealthy Nations on Debt (The New York Times - 03/21/2010)
The global economic crisis has left “deep scars” in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No.2 official at the International Monetary Fund said Sunday in ...
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Moody's and the Debt Threat (The New York Times - 03/20/2010)
We were, briefly, chilled when the credit rating agencies — Moody’s, Standard and Poor’s, and Fitch — warned that they might have to downgrade the triple-A debt of the United States if it failed to bring its budget deficit under control ...
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Drowning In Debts and Deficits (The Huffington Post - 03/18/2010)
Reading lots of statistics is usually a bore, often a sleep producer. Not the numbers that follow which relate chiefly to debts and deficits. Financially speaking, not only are they not boring, but in their own way they're as frightening as flesh-eating Hannibal Lechter ...
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Party Gridlock in Washington Feeds New Fear of a Debt Crisis (NYTimes.com – 02/17/2010)
Senator Evan Bayh’s comments this week about a dysfunctional Congress reflected a complaint being directed at Washington with increasing ...
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Moody's warns US of credit rating fears (FT.com-02/02/2010)
Moody’s Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure ...
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