News
WSJ | Greece's State Budget Gap Narrows Despite Recession
Greece's state budget deficit narrowed sharply in the first nine months of 2012 beating targets set by the country's creditors, but the fiscal improvement comes at a high price as the country's five-year recession sends jobless numbers to a fresh record high, data showed Thursday.
Bloomberg | G-7 Discusses Potential Fiscal Measures If Growth Falters
Some Group of Seven nations raised the possibility of extra fiscal measures if the global recovery weakens, Canadian Finance Minister Jim Flaherty said after a G-7 meeting in Tokyo yesterday.
Econ Comments & Analysis
Washington Times | Overhauling the budget process
It is a simple idea and a good one. Before the start of each fiscal year, before tax dollars are spent and more public debt is incurred, Congress is supposed to pass a set of laws telling the American people the plan for spending their money.
