News
Politico | Treasury selling final AIG shares
The Treasury Department is selling its final shares of American International Group Inc., ending taxpayer ownership of the insurance company and winding down one of the most contentious chapters of the 2008 financial crisis.
Market Watch | No compromise on higher taxes: Obama
President Barack Obama took his fiscal-cliff strategy on the road on Monday, telling an enthusiastic crowd in Michigan that he’s insisting on higher taxes on the wealthy as part of a year-end budget deal.
Econ Comments & Analysis
WSJ | A Truly Balanced Approach to the Deficit
Washington needs to pursue structural reforms in the country's important but unsustainable entitlement programs and in an inefficient, outdated tax code. By doing so, lawmakers can responsibly avoid the immediate cliff while addressing the long-term fiscal crisis and spurring job creation.
Blogs
WSJ | Raise Taxes? Cut Spending? How Would You Reduce the Deficit?
Lawmakers in Washington are currently struggling, again, to come up with a far-reaching deal to put the U.S. budget onto a more sustainable long-term course. If they fail, a bundle of spending cuts and tax increase, known collectively as “the fiscal cliff,” will take effect in early January.
