News
Bloomberg | U.S. Government Shutdown Threatening Housing Recovery
A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader economic recovery.
CNN Money | Debt ceiling fears hit stocks
It's day 2 of the government shutdown. And now investors seem more nervous.
Bloomberg | U.S. Government Shut Down With No Quick Resolution Seen
The partial shutdown of the U.S. government showed no signs of ending quickly, as lawmakers stiffened their positions and sought to shift blame to the other side.
Washington Times | World Bank sees severe repercussions in shutdown
Wading into the funding clashes consuming Washington, World Bank President Jim Yong Kim bluntly warned Tuesday that America’s financial woes could have grave consequences for some of the world’s poorest economies.
Econ Comments & Analysis
Barrons | What, Me Worry?
As President Barack Obama and Congress continue to bicker over passing the federal budget and raising the government's debt ceiling, a report published by one of the nation's most credible agencies warns that the U.S. could face economic disaster within 25 years due to excessive government spending.
Washington Times | The real cost of federal regulations
When the news broke that the National Security Agency has been monitoring Americans’ communications, the Obama administration was reluctant to discuss if it had broken any rules. It has been much more talkative regarding its new rules for the rest of us to follow on auto safety, energy efficiency and credit cards. The fiscal 2014 budget report claims that “the net benefits of regulations issued through the third fiscal year of the first term have exceeded $91 billion.” That’s a bold claim, and it deserves a closer look.
WSJ | Behind the Noise, Entitlement Reform
Let's all shake a fist at Washington, denouncing its irresponsibility because politicians are "playing politics" with the debt ceiling and government shutdown.
Washington Times | Obama opts to shutdown for Obamacare
Conventional wisdom in Washington is that the first government shutdown in 17 years will only hurt Republicans. That might be true in the short term, but it will help GOP members in 2014, because they followed the will of their constituents instead of cowing to political pressure.
AEI | The US has a huge advantage over China in energy — and it's growing
Conventional wisdom says that by many economic measurements, China isn't far behind the U.S. — and is catching up fast. But in one vital sector — energy — the U.S. leads and is pulling away. And the odds of this lead diminishing anytime soon, Beijing's current plans aside, are close to zero. Considering China's gains in other areas, why is energy so different?
