News
WSJ | Spain Unveils New Set of Overhauls
The Spanish government on Thursday unveiled a package of regulatory overhauls, tax increases and spending cuts for 2013, gaining a short-term market reprieve as concerns mount over Prime Minister Mariano Rajoy's ability to stabilize the euro zone's fourth-largest economy.
FOX News | US Postal Service to default on second $5B payment
The U.S. Postal Service is on the brink of default on a second multibillion-dollar payment it can't afford to pay.
CNBC | Corporate America Sweats as US Nears ‘Fiscal Cliff’
Top U.S. executives have less confidence in the business outlook now than at any time in the past three years — and a key reason is fear of gridlock in Washington over the fiscal deficit and tax policy.
Econ Comments & Analysis
Investors | Our Unsustainable Entitlement Nation
When we talk about recipients of entitlements, we are typically referring to either of two kinds of Americans: the poor and the elderly. For decades, those have been the two areas of the population we have seen fit to subsidize through an alphabet soup of programs. Increasingly, however, that's only where the entitlement conversation begins, not where it ends.
Blogs
WSJ | Is There Hope for High-Debt Economies?
Public debt in advanced economies is now at its highest level since World War II, exceeding 100% of GDP in Japan, the U.S. and several European nations. Are they doomed?
