How to avoid the 'fiscal cliff'

May 30, 2012
Commentator Robert Reich says lawmakers need to apply the brakes on automatic spending cuts and tax increases set to go into effect at the end of the year or the U.S. may face a new recession.

Your economic predictions: Shadow or no shadow?

May 28, 2012
Last Groundhog Day we asked a couple economists to predict the economic future. Today we asked them to do it again.

Should Washington act to prevent a 'fiscal cliff'?

May 23, 2012
The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'

Fiscal union could solve Europe's debt problems

Nov 28, 2011
One idea that's emerging this morning is to create a fiscal union between countries to enforce tighter budgets across Europe.