Economy

We've warned many times before that going off the fiscal cliff would throw the economy into a double dip recession. With CBO's updated budget and...

In a new investor note, Alec Philips of Goldman Sachs produced a useful new chart comparing three different scenarios for extending all the fiscal...

Are we really borrowing for free, and should we be taking advantage of it? Over the last few years, we’ve seen interest rates continue to fall to...

The Concord Coalition has just unveiled a new paper, authored by Edmund Andrews, Joe Minarik, and Diane Lim Rodgers, called " Not Just Their Problem...

Paul Krugman and other advocates of more federal stimulus spending cite today’s extremely low real interest rates, near zero or negative, as reason to...

In evaluating the fiscal cliff, it is interesting to see how it compares to past cases where the federal government has rapidly reduced deficits. The...

The New York Times has an article today entitled " In Washington’s New Mood of Austerity, Legislating Turns Into a Zero-Sum Game," detailing how the...

Today, the IMF released the concluding statement of its Article IV Consultation, calling for the U.S. to pass a deficit reduction plan quickly but...

Already a member of the Basketball Hall of Fame, former Sen. Bill Bradley (D-NJ) joined another exclusive club over the weekend: the Announcement...

UPDATE: This blog has been updated to include CBO's brief about the fiscal cliff. About a month ago, we reported our estimates of how much the fiscal...

Steep budget cuts are linked to recession and higher unemployment in Europe, argue several commentators (see here for example). Are they right...

We have been warning for a few months now about the potential consequences of the fiscal cliff -- and adding to the debt by averting it all together...