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Finance leaders of the G20 economies on Friday were set to debate specific targets for reigning in debt levels and the potential dangers from the latest round of aggressive easing of monetary policy from the world's biggest central banks.They were also poised to demand swifter resolution to setting guidelines for financial benchmarks like the Libor interest rate in the wake of a global rate-rigging scandal.But a rethinking of the austerity push among the world's biggest economies loomed as the biggest talking point. Advanced economies, particularly in Europe, have undertaken sharp austerity drives in recent years to curb growing debt, but those efforts have at times damaged economies already suffering from capital flight and under-investment from the private sector.EU Economic and Monetary Affairs Commissioner Olli Rehn told Reuters in an interview on Thursday that a period of reduced spending and borrowing was necessary to calm markets concerned about out-of-control debt levels, parti...
Should there be a debt limit at all? Moody's Investors Service doesn't think so.In a new report that says the debt ceiling creates “periodic uncertainty,” Moody's dr...
February 1, 2011 12:23 PM UTC by Liz ClamanFavorite Books, Most Admired leaders. The World According to My Davos IntervieweesI did something different this year at D...
Harvard University Professor Ken Rogoff argues we have debt burdens that are too high.
Bank of America Chief Economist Mickey Levy reacts to the Federal Reserve Chairman's speech on the economy.
JACKSON HOLE, Wyo. (Reuters) - It could be 10 years before economic growth in the United States and elsewhere returns to pre-recession norms and employment rates may...
Author and economist Carmen Reinhart discusses the dangerous consequences of a high debt-to-GDP ratio.
"Tax increases are highly contractionary…The large effect stems in considerable part from a powerful negative effect of tax increases on investment...[the finding i...
July 22, 2010 1:33 PM Autopilot Thinking on the Bush Tax Cutsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome Average: 4.5 ( 40 votes)Comments » "Tax...
British author George Orwell was a man of bracing intellectual honesty, a man whose prose was as hard and clear as a driving rain. A man who believed that elected of...
FBN's Liz MacDonald argues reducing government spending and debt will boost private-sector job creation.
June 09, 2010 3:11 PM Companies Fear DC's Regulatory Vaporware Will Vaporize Profitsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome Average: 4.8 ( 2...
Vincent and Carmen Reinhart argue the U.S. is going down the same path as Europe.
Banking crises appear to hurt national productivity more than other financial disasters like hyperinflation and currency collapses, Bank of England researchers repor...
As the presidential campaign winds down, some economists have been playing down the role of economic and political uncertainty in hamstringing the U.S. economic reco...
The U.S. economy seems to be experiencing the slower-than-normal growth predicted by two prominent economists who have looked at 800 years of financial history, Jame...
Janney Montgomery Scott Chief Investment Strategist Mark Luschini and Holland Balanced Fund President Mike Holland on the government’s rising debt and possible solutions to the rise in gas prices.
MoneyWatch.com Executive Editor Jack Otter breaks down the economic data and whether it shows a recession is on the way.
Kevin Hassett of the American Enterprise Institute weighs in on President Obama's growth initiatives.
Traders like patterns in the markets. Creatures of comfort, they like their sense of reassurance, they like any Garmin driving system pointing a roadmap forward out ...
