News
Bloomberg | Treasuries’ Lure Abroad Grows in $3 Trillion Fed Account
International investors bought more Treasuries last quarter than any other start to a year since 2009, with holdings approaching $3 trillion, as a new crisis in Europe weighs on the euro and Japan debases the yen.
Econ Comments & Analysis
Politico | A fiscal deal or fiscal crisis?
Now that Congress and the president have agreed to fund the government for the rest of this fiscal year — removing the threat of a government shutdown — Washington should use this opportunity to get past the crisis-driven fiscal policy of recent years and put the focus squarely where it belongs: on the long term.
