Economics

UPDATE: See New American Contract's response to our post. They argue there may be trade-offs between improving the fiscal situation and strengthening...

August 14 - Real GDP fell by 6.4 percent and then 1.0 percent in the first two quarters of the year. As of the second quarter, real growth was 4...

August 12 - The key Fed policymaking body, the Federal Open Market Committee (FOMC), released its statement today following its regularly scheduled...

July 31 - U.S. real GDP declined by 1.0% (annual rate) in the second quarter, the fourth straight quarterly drop, according to today's report by the...

July 21 - Federal Reserve Board Chairman presented his twice a year monetary policy testimony and the Fed's semi-annual monetary policy report to...

July 17 - President Obama's chief economic adviser Lawrence Summers spoke today to the Peterson Institute for International Economics on "Rescuing and...

July 16 - Cross currents in the U.S. economy are particularly evident today and illustrate why it is so difficult to figure out where the economy is...

July 12 - Recent consumer confidence, spending and labor market data have raised questions about whether the economy is losing momentum, and these...

June 26 - Can we measure the effects of the economic stimulus legislation? We are just starting to see effects show up in U.S. economic data. The...

June 10 - It seems like a no-brainer that the US should start planning how it will get its fiscal house in order when economic and financial recovery...