On Eve of Jackson Hole, CBO Pegs $1.3 Trillion U.S. Deficit for 2011
The Congressional Budget Office projection of the 2011 shortfall represents 8.5% of GDP; suggests ‘real’ GDP of 2.3% this year, improvement in jobless rate.
Top 10 Industry Donors to Congressional Deficit Panel Members
Political contributions tracker MapLight analyzes campaign contributions to the 12 members of the 'Super Committee' that Congress appointed to reduce the nation's debt.
3 Funds to Consider in Light of Slowdown, Downgrade: Portfolio Fix
For your consideration: three fixed-income funds that boast above-average historical performance, high current yield and currency diversification.
Get Ready for QE III, and How to Raise Consumer Demand
St. Louis Fed President Bullard’s raised profile may signal a new round of Fed monetary expansion
Debt Ceiling Deal Reached; Senate, House to Vote on Monday
The proposed deal would raise the debt ceiling now and through 2012, cut domestic and military spending over next 10 years.
S&P’s Sam Stovall: Gridlock in Congress Harms, Not Helps, Stocks
While many people believe that gridlock is good for the stock market, reasoning that Washington would then not get in the way of capitalism, history shows that the opposite is true, says Stovall in a U.S. sector watch for S&P’s Equity Research unit.
Boehner Debt Bill Passes House; Obama Urges Bipartisan Deal
President Barack Obama on Friday urged a bipartisan deal on raising the debt ceiling, saying that the House plan, which later passed Friday night then quickly tabled by the Senate, was the uncompromising view of a single faction and “has no chance of becoming law.”
On Debt Ceiling Crisis, Focus on Opportunities
The best posture for advisors and clients? Remain disciplined in your approach and continue to set your sights on longer-term opportunities, goals and objectives.
Business Leaders Resigned to U.S. Debt Downgrade but Say Default Unlikely
The business community is battening down the hatches for a U.S. debt rating downgrade—and they’re not happy about damage that the oncoming economic storm will wreak on investors.
Rob Arnott on RAFI’s Growth, and How to Address U.S. Debt
Fundamental indexing has been embraced worldwide, Arnott says, but the government and the U.S. people need to embrace some tough choices on spending.