Fiscal recklessness may break up EU’s monetary union.
With the president’s State of the Union address coming up on Wednesday, the White House appears to be struggling to find its feet. Republican Scott Brown’s surprise victory in liberal Massachusetts has dominated the national conversation in the last week and made Obama’s goal of signing health care reform impossible before the big speech. Now, […]
Congressional experts pegged the 2010 U.S. budget deficit at $1.35 trillion, a slight improvement from the $1.38 trillion estimate in August, but the overall picture of the government’s finances remains bleak, according to the annual report released Tuesday. The Congressional Budget Office said the government will run an aggregate deficit of almost $6 trillion during […]
It was January 2009, and Democrats were triumphant. Their party had won major victories in both the House and the Senate, and Barack Obama, arguably the most economically left-wing president in decades, had just won the White House on a promise to finally achieve what had eluded liberals for so long: universal health care. As […]