Fiscal Policy in the News

NewsHour Budget Segment

MacGuineas, Guha, and Wessel on the NEWSHOUR, on the reappointment of Bernanke and the new budget numbers.

Buffett Warns Against Rising Debt-to-GDP Ratio

Warren Buffett has written in the New York Times that significant levels of U.S. spending will prove to pose problems for our economy and currency down the road.

Obama Economic Advisor Appears on The Daily Show

Austan Goolsbee, chief economist of President Obama's Economic Recovery Advisory Board appears below on the Daily Show with John Stewart. Goolsbee discusses, among other things, the looming deficit, and health care reform.

Taxing the Middle Class

August 4 - Yesterday, White House Press Secretary Robert Gibbs reiterated the administration's pledge not to raise taxes on Americans earning less than $250,000 per year. This came on the heels of statements by cabinet members Larry Summers and Timothy Geithner over the weekend that did not rule out the possibility of raising taxes on middle class Americans to curb budget deficits.

Obama Interview with the Washington Post

July 24 - Read Fred Hiatt's excellent interview with President Obama on health care reform and the need to deal with the fiscal crisis.

Important points: 

NEC Director Summers at Peterson Institute

July 17 - President Obama's chief economic adviser Lawrence Summers spoke today to the Peterson Institute for International Economics on "Rescuing and Rebuilding the U.S. Economy". Key points:

-         When the administration took over, the U.S. economy was "at the brink of catastrophe" and "the economy was in free fall". Six months later, things look better although challenges clearly remain.

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