News
NY Times | Fed Wants Priority Put On Deficit
[Bernanke] said that growth remained slow and uneven, but he made no mention of the possibility that the Fed would intervene, noting instead that “a healthy economic future” required a plan to shrink the federal deficit.
USA Today | U.S. funding for future promises lags by trillions
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.
Econ Comments
Washington Times | FOSTER: What real debt-ceiling judgment day looks like
The markets are watching, not whether the debt ceiling increases, but whether Washington will let the moment pass without taking strong action on the deficits.
