Topic: Ethan Harris
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White House opts not to create a Death Star. But a ‘magic coin’?
A number of fanciful ideas on economic policy have been floated in recent weeks. The so-called Death Star idea, officially rejected, was a stimulus plan. The 'magic coin' plot is meant to sidestep a showdown with Congress over the national debt ceiling. Seriously?
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Obama talks 'fiscal cliff.' Why the urgency to reach deal sooner, not later?
Speed is of the essence in dealing with the fiscal cliff, some economists warn. Delaying until late this year – or worse, 2013 – would mean a bigger hit to the US economy, and even a recession.
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![Add S&P downgrade to a struggling economy, what do you get? Stocks in shock. [VIDEO]](/var/archive/storage/images/media/images/0808-stock-plunge/10583185-1-eng-US/0808-stock-plunge_thumbnail_90.jpg)
Add S&P downgrade to a struggling economy, what do you get? Stocks in shock. [VIDEO]
Stocks plummeted Monday, in response to the S&P's decision Friday evening to downgrade the US debt rating from AAA to AA+.
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Unemployment rate rises to 9.2 percent. Just a 'soft patch'?
US economy added just 18,000 jobs in June, a sign the recovery is dragging. The unemployment rate rose from 9.1 to 9.2 percent. Still, most economists see a pickup in second half of 2011.
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Extend and pretend
The government continues to extend credit, cash, and bailouts to the undeserving, then pretend that everything is fine.
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Some relief as gas prices fall
Prices below $4 a gallon could help carmakers and back-to-school retailers.
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Would tax rebates work?
The government aims for more spending, but in the past many saved their checks.
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