News
Bloomberg | U.S. Downgrade Seen as Upgrade as U.S. Debt Dissolved
U.S. debt has shrunk to a six-year low relative to the size of the economy as homeowners, cities and companies cut borrowing, undermining rating companies’ downgrading of the nation’s credit rating.
Econ Comments & Analysis
WSJ | Another Year, Another $1 Trillion-Plus
One October irony is that even as President Obama hits Mitt Romney for lacking details and the press demands answers about the tax treatment of municipal bond interest, nobody seems interested in the substance of Mr. Obama's supposed $4 trillion deficit reduction plan. Maybe someone will ask after Friday's report showing another $1 trillion-plus deficit for 2012.
Blogs
Economist | Let go of the brakes
Fiscal policy could be a lot better, in a lot of countries. This is the unavoidable conclusion from reading the IMF’s updated Fiscal Monitor presented this morning in Toyko.
