News
WSJ | GOP Makes Counteroffer In Cliff Talks
House Republicans on Monday made a fresh deficit-reduction proposal to the White House that calls for $800 billion in increased tax revenue, half of what President Barack Obama has proposed.
WSJ | Despite the Name, Drop Not So Steep
With the country inching closer every day to the edge of the fiscal cliff, the precise calendar for the rest of the legislative year, and the beginning of the next one, is becoming increasingly important.
Econ Comments & Analysis
WSJ | Simpson-Bowles Rebirth?
With Republicans frustrated at the Obama administration's budget talk stonewalling, party leaders are hunting for new fall-back strategies. One idea being whispered about on Capitol Hill is for Republicans to put the entire Simpson-Bowles package of taxes and spending cuts on the table as a counteroffer.
Real Clear Markets | Forget the Fiscal Cliff; Focus On the Debt Ceiling
For all the talk about the fiscal cliff, it is not the most worrisome economic issue facing the country. The real cliff is the debt ceiling, and if we go off that cliff, it will be catastrophic. Most people remember the debt crisis of August 2011 as hair-raising.
WSJ | Cliché-Jumping Off the Fiscal Cliff
Had enough talk about fiscal cliffs? As a metaphor, topographical division, a fiscal cliff ain't much, which is to say that it isn't very precise, doesn't pack much meaning, and therefore is more obfuscating than clarifying.
Blogs
Economix | The Debt Limit Is the Real Fiscal Cliff
Washington is all abuzz over the impending tax increases and spending cuts referred to as the fiscal cliff, an absurdly inaccurate term that both Democrats and Republicans have unfortunately adopted in order to pursue their own agendas.
Keith Hennessey | Understanding the President’s fiscal cliff offer
I am going to describe the President’s proposal to Republican Congressional leaders, then react to the most important parts of it. Secretary Geithner offered this proposal last Thursday.
