Economics
Latest
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Unemployment Rate Now above 10%, Highest Since 1983
According to the Bureau of Labor Statistics’ monthly report, the unemployment rate made a stunning leap in October from 9.8% in September to 10.2%...
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Over 100 Banks Closed in 2009
On Friday evening, the FDIC reported that it has taken over an additional seven banks ( First DuPage Bank, Riverview Community Bank, Bank of Elmwood...
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Beige Book Results
Today, the Fed released its latest Beige Book, with each Fed bank reporting on current economic conditions within its district. Reports from Fed...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: In an editorial titled, “ 2.47 trillion dimes,” The Washington...
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IMF World Economic Outlook
The IMF has recently released its monthly World Economic Outlook, the IMF’s premier publication on the state and health of both the global economy and...
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Point-Counterpoint: When should we start caring about debt?
On the heels of yesterday’s debate in the LA Times, Maya MacGuineas participates in a point-counterpoint today with Dean Baker from Center for...
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September Unemployment Rate and Uncertain Outlook
To those watching the economy as it enters into positive territory and the financial markets as they seemed to be getting into gear again, today’s...
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G-20 Summit's Fiscal and Financial News
It would be easy to dismiss the recent G-20 Summit in Pittsburgh as just more political babble, more empty business as usual just among more countries...
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The G-20 Summit and Beyond
As the G-20 Summit gets underway in Pittsburgh, what should we hope to hear from the G-20 leaders? That they are prepared to continue supporting...
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Fed's Monetary Policy Committee Sees Improvement; Policies Stay Unchanged
Following its two day meeting yesterday and today, the Fed’s monetary policy setting body (the Federal Open Market Committee or FOMC) released its...
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Fiscal Roadmap: "Deficit Reduction: Lessons From Around the World"
The U.S. economy appears to be gradually recovering, and positive growth is expected now and for the rest of the year. Looking ahead, however, U.S...
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Can Deficits Fix the Economy?
By Maya MacGuineas Last night I attended a curtain raiser dinner for today’s Dealing with America’s Debt Overhang event, hosted by New America...