News
CNN Money | Student loan rates doubling on Monday
Students preparing to take subsidized government loans will see their interest rates double to 6.8% from current levels, starting Monday, July 1.
WSJ | How Next Debt-Ceiling Fight Could Play Out
For the first time in three years, Washington is in the midst of a multimonth stretch without facing a fiscal deadline. Business owners and households seem to be enjoying the breather, and the economy is trying to stretch its legs. But consider yourself forewarned—it probably won't last much longer.
Econ Comments & Analysis
CATO | Good News on the Budget Deficit?
If you’re a big spender, there’s good news in Washington. The deficit is down. The budget crisis is over. So Uncle Sam can go back to his wastrel ways!
AEI | Net worthless
The Federal Reserve regularly releases data on the net worth of Americans, and newspapers across the U.S. celebrated recently when the latest numbers suggested that our net worth had returned to where it was before the financial crisis. Our wealth collapsed but then recovered, and the hole that the financial market dug for us, so the story goes, has been refilled.
Washington Times | What austerity?
“Woe is me” is the cry of every bureaucrat in official Washington, suffering under the heavy hand of budgetary belt-tightening that goes by the name of sequestration. But there’s actually no sign of cutbacks in the job market in Washington, D.C. The business of government is booming.
