Topic: Public Finance
President Obama's deficit commission says the national debt requires urgent action. But economists are split on that basic premise.
12/03/2010 03:46 pm
What nobody wants to say: the real looming deficit problems are medical. Health costs must be controlled. The rest is peanuts.
12/03/2010 02:50 pm
A 60 percent majority on Obama's bipartisan deficit commission say they approved the co-chairs' recommendations, not enough to force a vote in Congress. Will their work have an impact?
12/03/2010 02:40 pm
A look back at the world since the advent of the euro.
12/03/2010 09:05 am
President Obama's proposal does extend the tax cuts to everyone, despite reports to the contrary. The first $250,000 of everyone's income would be protected.
12/03/2010 09:03 am
Erskine Bowles is co-chairman of the presidential deficit commission, which votes Friday on US fiscal plan. As president of the University of North Carolina system, he's no stranger to budget-cutting. He's had to trim more than $550 million and 1,000 jobs.
12/03/2010 08:54 am
The House approved a measure to extend the Bush-era tax cuts to the middle class – those with income less than $250,000. The final tax-cut plan, though, will be fashioned in the Senate.
12/02/2010 07:14 pm
The members of President Obama's bipartisan fiscal commission agree on one big thing: The problem of runaway deficits and public debt requires urgent attention. Democrats and Republicans on the panel even seem to have moved toward consensus on some of the policy responses to the problem. But getting to "yes" on a plan to stabilize the national debt still faces big hurdles. Here are four of big areas of disagreement.
12/02/2010 06:28 pm
Let's agree on the facts, regardless of the politics: the Bowles-Simpson plan and Rivlin-Domenici plan will raise taxes on the rich. Not marginal tax rates, but average tax rates.
12/02/2010 05:50 pm
Gold prices rise and rise. Some buy gold to protect against inflation, but many fear that something will go wrong, in China or Greece or Ireland or the U.S. housing market, or...
12/02/2010 05:20 pm