Economics

Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, joined the Announcement Effect Club yesterday during the...

On the eve of the G-20 in Toronto this weekend, U.S. financial markets have continued to be dominated by safe haven effects as investors (domestic and...

The European Central Bank joined the Announcement Effect Club yesterday in its June Monthly Bulletin. In evaluating the costs and benefits of fiscal...

Alberto Alesina of Harvard University has a new paper out that talks about how differences in the composition of debt reduction packages make a...

Yes, financial markets too are being affected by the World Cup. So far today, trading is quiet – even though today is one of the famous Triple...

Larry Summers, top economic advisor to President Obama, joined the Announcement Effect Club after remarks on a few occasions. First, in a speech at...

In testimony before the House Budget Committee this week, Ben Bernanke called for a plan to be put in place now to reduce deficits once the economy...

U.S. financial markets this week have continued to be dominated by global capital seeking a safe haven in U.S. Treasury instruments, as the eurozone...

Chairman Bernanke's testimony today underscored the fundamental lack of sustainability of the growing federal budget deficit, while simultaneously...

Yes, today’s employment news from May is disappointing – even though there are some encouraging signs. Let’s start with the bright side: the...

Today's May jobs report was a surprise to many economists, who had expected stronger private sector gains. Government-hired Census workers accounted...

Jeanne Sahadi wrote for CNN today on the sometimes-overlooked short-term perils that the growing US debt could create, and how they affect the average...