News
National Journal | Don't Despair (Yet) Over Next Fiscal Cliff
The tenor of analysis in the wake of Fiscal Cliff Deal #1 could be summarized as "woe is us." But here’s a radical thought: Maybe the next round of Capital Hill strife won’t be as bad as what we’ve just endured at the precipice of the Dec. 31 cliff.
CNBC | End of Stimulus? Why It Isn't All Bad News
The Federal Reserve's minutes on Thursday hinted at an earlier-than-expected end to its unprecedented bond buying program, triggering a sell-off in equities as investors worried about an end to historically low interest rates. The upside? Analysts say this is the Fed's way of weaning markets off the drug of quantitative easing and reflects the central bank's confidence in the U.S. economy.
Bloomberg | Geithner Said to Plan Departure Before Debt Ceiling Deal
Treasury Secretary Timothy F. Geithner finds himself in a familiar position: eager to resume life outside government and facing contentious negotiations with Congress over raising the federal debt ceiling.
Washington Post | How the fiscal cliff deal will affect the economy and deficits, in six charts
While the legislation that President Obama signed into law on Tuesday night averts the worst effects of the fiscal cliff and is a step toward raising revenue needed to cut the deficit, most economists would say it is an incomplete solution at best. Here are three ways – and six charts – showing what the fiscal cliff deal does and doesn’t accomplish.
Econ Comments & Analysis
WSJ | The Debt-Ceiling Fight Will Be Dirty
In the classic movie "The Untouchables," the street-smart cop Jim Malone explains to his golden-boy partner Eliot Ness that things will have to get dirty if they intend to bring down Al Capone: "You see what I'm saying is, what are you prepared to do?" That's the question for the GOP as it sifts through the ashes of this week's cliff deal.
Heritage Foundation | A New, Extra-Extraordinary Debt-Ceiling Tool
The federal government has once again hit its statutory debt limit. For the next few weeks, Washington will be funding its budget shortfalls through the Treasury Department’s traditional “extraordinary” measures.
