Topic: Ethan Harris
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?
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.
Stocks plummeted Monday, in response to the S&P's decision Friday evening to downgrade the US debt rating from AAA to AA+.
08/08/2011 01:38 pm
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.
07/08/2011 12:47 pm
The government continues to extend credit, cash, and bailouts to the undeserving, then pretend that everything is fine.
09/09/2010 09:25 am
Prices below $4 a gallon could help carmakers and back-to-school retailers.
07/28/2008 01:00 am
The government aims for more spending, but in the past many saved their checks.
01/22/2008 12:00 am