News
National Journal | Congress Is Finding a Way to Avoid a Shutdown
The path to averting a government shutdown at the end of the month is becoming clearer on Capitol Hill. Whether it is a bona fide cliff-hanger or a step-by-step dance carefully choreographed by House and Senate leaders to appease partisans on both sides matters less than the outcome.
Bloomberg | Current-Account Deficit in U.S. Narrowed 5.7% in Second Quarter
The current-account deficit in the U.S. narrowed in the second quarter to the lowest in almost four years, helped by a pickup in exports and a bigger income surplus.
MSN Money | Caution: Budget fight dead ahead
With the Federal Reserve's decision to keep stimulus going, stocks are moving on up. But the looming fight over the federal budget, taxes and spending could end the party for all of us.
Econ Comments & Analysis
National Journal | Congress’s Budget Guru Weighs In on Shutdown
With lawmakers facing a Sept. 30 deadline to pass a continuing resolution and keep government running, Congressional Budget Office Director Douglas Elmendorf stands on the political sidelines as Congress' budget oracle and cost arbiter.
Blogs
Heritage Foundation | What You Need to Know About the Debt Limit
The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire.
