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Moody's Might Downgrade US on Failure to Make Deal on Debt
Wednesday, September 12, 2012 - 10:08am | 310Read More...Moody's Investor Service said yesterday it may downgrade U.S. government debt if Congress is unable to reduce the federal deficit. Should negotiations lead to policies that stabilize, and then reduce, the federal debt-to-GDP ratio, the rating will likely stay as it is. If those negotiations fail,...
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CBO Reports Job Increases and GDP Decreases
Wednesday, August 24, 2011 - 3:48pm | 483Read More...Weeks after Congress was able to pass a last-minute proposal to raise the debt ceiling, the Congressional Budget Office projects a $1.3 trillion budget deficit for 2011. This is the third largest budget deficit in 65 years. (Via the Washington Post.) According to the CBO report, the $1.3 trillion...
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CBO Says Permanent Tax Cut Extension Hurts Economy
Tuesday, September 28, 2010 - 4:08pm | 190Read More...The head of the Congressional Budget Office, Douglas Elmendorf, said that a permanent extension of the Bush tax cuts would help the economy in the short term, but severely hurt it in the long term. Over the short term, the extension of the tax cuts will boost sales in the short term, as...
