News
Bloomberg | Obama Sees 2013 Deficit Lowest in Five Years, GDP Growth at 2.0%
The Obama administration projects that the federal budget deficit will drop to the lowest level in five years, $759 billion for the year ending Sept. 30, as the economy improves and tax collections increase.
CNN Money | Governments lose trust as corruption soars
Released Tuesday, the survey finds that corruption is a growing problem, with a majority of respondents saying that the situation has deteriorated in their country over the past two years.
Market Watch | NFIB small-business optimism drops in June
A measure of small-business optimism dropped in June after six of its 10 components fell, according to data released Tuesday.
Econ Comments & Analysis
Politico | Tackling America's retirement crisis
We’re living longer — the average 65-year-old has nearly two decades of life ahead, and one in every four will live past 90 — but producing fewer workers. That combination is producing a big bill for longer retirements that we’re already struggling to pay.
WSJ | An Opportunity to Strengthen U.S.-China Ties
The fifth round of the China-U.S. Strategic and Economic Dialogue will be held in Washington, D.C., on July 10 and 11. It is another important step forward taken by the two governments in their efforts to build a new model of major-country relationship after President Xi Jinping and President Barack Obama met at the Annenberg Estate in California last month.
Washington Times | Approaching economic stall speed
Stall speed is the airspeed at which an aircraft stops producing lift. Unless immediate corrective action is taken, such as reducing the wing’s angle of attack or the weight of the aircraft, the results are not likely to be good. An economy can hit “stall speed” when it becomes burdened with too much dead-weight loss.
Blogs
WSJ | Nearly 1 in 6 Americans Receives Food Stamps
One of the federal government’s biggest social welfare programs, which expanded when the economy convulsed, isn’t shrinking back alongside the recovery.
