News
National Journal | Bernanke Warns Senate Dems to Take Action on Fiscal Cliff
Federal Reserve Chairman Ben Bernanke warned Senate Democrats at a caucus lunch on Thursday of the serious damage a combination of tax hikes and spending cuts scheduled to kick in at the end of the year could exert on the country's frail recovery.
WSJ | CEOs Press Congress on Debt
Top business executives, many of whom sat on their hands during last year's frantic debate about raising the federal debt ceiling, have begun mobilizing and plan to be more vocal in urging Congress to reach a bipartisan deficit-reduction deal by the end of the year.
Econ Comments & Analysis
CATO | Too Much Wavering on Budgets
For two years, Spain and other European countries, including those not facing an immediate crisis, such as France and Italy, have struggled to establish appropriate austerity policies to reduce fiscal deficits. Besides being unpopular, such measures produce an immediate negative result — a reduction in economic output.
Blogs
CATO | Looking at Austerity in France
What about France? The country chose a socialist president on Sunday who, according to Paul Krugman and some media outlets, was elected precisely to fight against austerity.
