News
WSJ | Europe Officials to Weigh Further Budget Integration
A draft report circulated to European officials this week sets the stage for a far-reaching debate over how euro-zone governments might surrender yet more national control over economic decisions in exchange for money from a common budget that would be used to soften the blow of recessions.
CNN Money | Credit card delinquencies drop to 11-year low
Credit card customers are more responsible than they've been in over a decade.
Econ Comments & Analysis
Roll Call | What Would It Take for Action on Fiscal Cliff?
The subject of the fiscal cliff is a bit like the old "Perils of Pauline" movie serial. There will be numerous episodes where the country's economy, like Pauline, hangs in the balance - until the next episode.
Blogs
AEI | Here’s what happened the last time America went over a fiscal cliff ….
Going over the fiscal cliff would hit the fragile U.S. economy with about $800 billion of tax increases (mostly) and spending cuts in calendar 2013, or about 5% of GDP. Now there’s not much history of this sort of thing in the United States, but there is some.
