Social Security to Run 12% Yearly Deficit: CBO
The deficit will rise to more than 30% by 2030, according to the CBO, as more baby boomers retire.
Larry Summers Argues for Easy Money as All Eyes Watch Fed
Summers fears the U.S. is in danger of sinking into a Japan-style stagnation, which, to be pre-empted, requires long-term “unconventional policy support” from the Fed.
Sweat the Debt, Not the Shutdown
Stock markets are shrugging off the political mess, but will the bond markets be so kind later this month?
Forget Government Shutdown, Bigger Crisis Looms, Axel Merk Says
The country faces problems that may affect everything from the dollar to investors’ savings and national security.
Congress Girds for Another Debt Fight as Deficit Shrinks
The deficit is at its lowest level since late 2008, LPL's John Canally writes; PIMCO and Washington Analysis weigh in on the battle ahead.
8 Back-to-School Planning Tips for Advisors (and Their Clients)
A chance for advisors to connect with the next generation...
Andy Friedman on How to Handle Health Care Reform
Businesses and individuals have decisions to make before Obama’s health care law takes effect Jan. 1.
Just How Puzzling Are Annuities?
A bombshell critical paper on annuities has strengths and weaknesses.
Annuity Puzzle Solved: Don’t Buy Them
Defying conventional wisdom, Kent Smetters of the Wharton School and Felix Reichling of the CBO say low demand for annuities is no mystery. If there is an annuity puzzle, it is why people don't short them.
CBO: Immigration Reform Would Cut Deficit, Boost Economy
The Senate plan would reduce the U.S. deficit by about $200 billion and increase real GDP by 3.3% in the next 10 years, according to the Congressional Budget Office.