…against the euro. In his speech Greenspan reveals his latest thinking about the US’s external imbalances. The question now confronting us is how large a current account deficit in the…

…deficit: 2004: $422bn, or 3.6% of GDP 2009: $312bn, or 2.1% of GDP Halving the deficit in 5 years was a miserable, puny, girlie-man goal. Yet the Bush admininstration can’t…

…that the current account ran a deficit equal to $144.9 billion over the past 90 days. WASHINGTON (Reuters) – The U.S. current account deficit widened more than expected in the…

…budget for 1981. Indeed, the government had run deficits every year since 1961 with the sole exception of 1969. Reagan did not invent deficit spending. While the conventionally reported government…

The Cyclically Adjusted Budget Deficit The CBO has released its estimates of the “cyclically adjusted” budget balance for the US. What does that mean? The CBO explains: Calculations of cyclically…

…to avoid blaming the tax cuts for the deficit, in spite of the overwhelming evidence to the contrary. From today’s testimony: In part, these deficits are a result of the…

…years. On the other hand, Clinton inherited a deficit at 4% and got it down to 3% within a year. So perhaps Bolten should say that the deficit is not…

Stiglitz on globalization: the MNE’s bought the law by Linda Beale Trans Pacific Partnership bad for the middle class, but how bad? by Kenneth Thomas Latest World Trade Organization lunacy…

…the hills the minute someone accuses them of ‘fixing the deficit on the backs of the elderly’ or creating ‘death panels’ to sensibly allocate end-of-life health care. Could this time…

…start from a lower base, so it would be easier to write a tax reform bill which doesn’t add to the deficit after 10 years. It is, in fact, necessary…