News
Washington Times | Europe’s fiscal agreement falls short for global markets
Despite much fanfare at a summit last week, European leaders failed to convince global investors that they are on their way to solving their massive problems with debt and recession.
Washington Times | U.S. government on pace to run budget deficit below $1T
The Treasury Department said Monday that the deficit was $137 billion in October. That brings the total for the first two months of the budget year to $236 billion — $55 billion less than the same two months last year.
Blogs
American: Enterprise Blog | New euro zone ‘fiscal rule’ is absurd and illegal
As if to illustrate the depths to which it has sunk, the European Union picked December 8, the day of the Feast of the Immaculate Conception, to produce an agreement that is rotten to its core. Its proposed creation of “a new fiscal rule”—that is, “automatic” sanctions for eurozone countries that run up excessive deficits—is both absurd and manifestly illegal.
