President-elect Barack Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Mr
How to Understand a Trillion-Dollar Deficit
Tag Archives: trillion
Two Cheers for 2011: Expectations in Politics, the Economy
2010 was a tough year, not just for Barack Obama, not just for America, but for the West.
Toxic Environment
They’re in the toys children play with, on the foods they eat and in the air they breathe. Each year, about 27 trillion lb
The New Tehran-Riyadh Rivalry
Afghanistan has been something of a forgotten war in recent months because of the world’s preoccupation with Libya and Egypt and the wave of antigovernment protests spreading throughout the Middle East. That will soon change, now that the Obama Administration is stepping up talks with the Taliban in an effort to come up with some peaceable endgame to the half-trillion-dollar war
Obama Deficit Plan Is Sensible, but GOP Has Advantage
After exactly three months in office, President Obama called a Cabinet meeting to announce his first push for federal belt tightening. His chief of staff, Rahm Emanuel, had dubbed this initiative “the Dave project,” after the movie in which the eponymous presidential body double invites his accountant to the White House to slice waste out of the budget.
China passes $1 trillion in Treasuries
China passes $1 trillion in Treasuries It turns out China does personal more Treasury bonds than the government’s official figures are actually allowing on. China held $1.sixteen trillion of U.S. federal government bonds at the end of 2010, Treasury stated Monday in its preliminary revision of data on foreign portfolio holdings. That’s up $268 billion […]
Fed action may hurt more than help
Fed action may hurt more than help The Federal Open Market Committee, which meets Nov. 2-3, is all but certain to announce renewed measures intended to boost the economy. Specifically, the Fed will engage in another round of bond-buying, snapping up government debt with newly created money. It is hardly a secret this is coming; […]