Unusually negative real (inflation-adjusted) 10-year Treasury note yields are popularly attributed to the massive buildup of the Federal Reserve’s securities holdings associated with the central bank’s quantitative easing (QE) policy. read on...
Under current law, beginning on March 1 the sweeping set of spending cuts, known as sequestration, are set to go into effect. The spending cuts will have some slight negative consequences on economic growth in the near term, but likely will support higher levels of growth longer term. read on...
For some time now, central government spending has been growing rapidly and federal government debt has risen to levels not previously experienced. Several temporary budget control programs have been put in place, but these programs were half-measures... read on...
After the last-minute deal on the fiscal cliff, the focus now shifts to the debt ceiling negotiations, which may result in a moderate spending decline. read on...
The just enacted “American Taxpayer Relief Act of 2012” effectively averted most tax hike components of the feared fiscal cliff. Nevertheless, there still are increases in household taxation equivalent to around 1 percent of GDP. read on...
The fiscal cliff deal winding its way through Congress promises to delay automatic defense cuts until March read on...
Now that Congress and the president have agreed to a deal that addresses part of the fiscal cliff, the read on...
Higher Federal income taxes on families earning over $450,000 per year in taxable income are expected to read on...
As the economic activity appears to be limping into the final quarter of the year, the outcome of "fiscal read on...