News
National Journal | The Next Budget Crisis Is Only 90 Days Away
Before the ink was even dry on the plan to end the government shutdown and avoid busting the nation’s debt limit, there were growing doubts that Congress could avoid another fiscal showdown in only 90 days.
CNN Money | Shutdown took $24 billion bite out of economy
The United States may have dodged an economic catastrophe by raising the debt ceiling and opening the government, but it didn't emerge from the political debacle unscathed.
Bloomberg | Build America Bonds Biggest Loser in Yield-Rise Bet: Muni Credit
The $188 billion market for Build America Bonds is set to trail the rest of municipal debt for the first time as issuers face cuts to their federal subsidies while investors bet interest rates will rise.
Econ Comments & Analysis
Washington Times | Playing around with debt
It is hard to figure out where to start with the perennial debt-ceiling debate. Perhaps we should bite the bullet and start with Barack Obama and Harry Reid in 2006.
Washington Times | A rising torrent of debt and destruction
From April 1917 to November 1919, when President Woodrow Wilson borrowed $30 billion to pay for World War I, he was able to do so because of the promise he made to lenders that the commitment to repay them would be backed by the full faith and credit of the United States government.
Blogs
Economist | Learning to (push against the) cycle
Financial markets are currently pummelling developing countries for their poor economic management. For instance, India has been criticised for its profligate fiscal policy—which left it vulnerable to the market turmoil prompted by the threat of Fed tapering. Brazil's way out of the 2008-09 crisis was ham-fisted at best.
