Econ Comments & Analysis
Forbes | Short-Term Congressional Budget Fixes Only Prevent Total Disaster
CRs are, in fact, a clumsy way to conduct the people’s business. They include all functions of government in one ugly package.
Washington Times | Fiscal crisis in Cyprus to benefit U.S. banks
Money that’s been trapped in Cyprus banks for the last two weeks could begin to cross the Atlantic and flood the American banking system starting Thursday when banks on the European island reopen, one banking expert predicts.
Blogs
WSJ: Real Time Economics | If Rates Rise, Larger Deficit Follows
If interest rates rise to the averages seen between 1991 and 2000 — that is, 4.9% on the 3-month Treasury bill and 6.7% on the 10-year Treasury note in 2023 — then the deficit would be $274 billion bigger in that year than it would otherwise be — and $1.44 trillion bigger over 10 years.
