News
CNBC | Euro Zone Boosts Bailout Firewall to $1.06 Trillion
The euro zone raised the combined lending ceiling for their two bailout funds to 700 billion euros on Friday from 500 billion, euro zone finance ministers said in a statement.
Econ Comments & Analysis
WSJ | Calling the Budget Roll
Who says bipartisanship is dead in Washington? House Republicans played the dastardly trick of putting President Obama's budget proposal to a floor vote on Wednesday, and the verdict was a unanimous defeat—414-0.
Washington Times | Consequences of budget gridlock
Let’s take a break from guessing who the Republican presidential nominee will be (it’ll be Mitt Romney) and consider something that is knowable and measurably consequential.
Motley Fool | A Decade of Debt and Default
The last few years seem like a lifetime in and of themselves. Unlike previous economic downturns, most of which spanned a year or two at most, we're still slogging through the mess left by a decade of excesses in the financial and housing sectors.
WSJ | Why I'm Optimistic About Cutting the Deficit
With Washington mired in partisan gridlock, presidential candidates promising tax cuts with no specific revenue offsets, and no agreement on reforms and reductions in entitlement spending, Americans are understandably worried about the nation's rising debt. Yet I'm still hopeful we'll address the nation's long-term fiscal problems.
Blogs
The American | One budget to rule them all: Paul Ryan’s debt plan outcuts rival plans
Rep. Paul Ryan’s Path to Prosperity budget would reduce debt as a share of GDP more than all the rest. And that actually understates the PTP’s superiority. Plug in faster growth numbers from Ryan’s tax reform plan, and debt/GDP would dip into the 50% range.
Economics One | A Little Dynamic Scoring of the House Budget
In a recently released report the Congressional Budget Office calculated how debt reduction with the House Budget Resolution (which just passed the House today), would affect GNP in the United States.
