To keep Social Security and Medicare from running out of money, the US will have to raise taxes, lower benefits, or cut other spending. Or it could boost immigration.
Congressional Budget Office director Douglas Elmendorf is confident that the CBO forecast about health care reform and the deficit is true. But he acknowledges tough deficit choices ahead.
The US economy has been propped up in part by government stimulus spending, but some of those artificial supports are slated to fall away later this year. The big question is whether the economy can sustain jobs growth on its own.
Four books offer insight into the 2008 financial crisis that shook the US economy.