Conservative Economist: Deficit Cutting Has Gone ‘Far Enough’
American Enterprise Institute budget expert John Makin argues that the U.S. is now—thanks to the sequester—on a sustainable fiscal path.
Retiree Entitlements ‘Undermine’ Everything Else: Robert Samuelson
Washington Post columnist Robert Samuelson took a scorched-earth approach on Monday to what he sees as out-of-control entitlement spending.
Paul Ryan’s Budget: Something for Everyone (to Criticize)
"The president promises big government and Ryan promises smaller big government,” a Cato Institute analyst says, while others say cuts are still too big.
Obama on Sequester: ‘No Smart Way’ to Cut $85 Billion in 7 Months
Meanwhile, Fed Chairman Ben Bernanke said the cuts would cause a 0.6 percentage-point drag on growth this year, and Speaker Boehner said senators should "get off their ass" and pass a replacement.
How First Trust’s Wesbury Learned to Stop Worrying and Love the Sequester
The outspoken chief economist of First Trust Advisors is taking Nouriel Roubini, Bill Gross and others head on in his view of the sequester in a new outlook.
Sequestration Cuts Imminent; Government Shutdown Looms
As the nation braced for the $85 billion in sequestration cuts to kick in on March 1, Joe Lieber of Washington Analysis laid out the “numerous tools available” to blunt sequestration’s impact.
Jeremy Grantham: Not as Much Stock Doom With GDP Gloom
In his quarterly letter, GMO’s chief market pessimist Jeremy Grantham reviews new data related to “likely lower GDP growth”—and presents a positive outlook.
Obama: GOP Holds Nation Hostage on Debt Ceiling
President Obama dispelled any doubt Monday as to whether the fiscal fight over government spending is going to be bare-knuckled.
New Hire Roundup: LPL Financial Welcomes Lochan
This week in new hires, Brendt Stallings and Husam Nazer joined DoubleLine, the MSRB board announced that it is looking for a few good applicants, and Citi named two new co-presidents.
House Passes Fiscal Cliff Bill, Averting Plunge—for Now
House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.