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Harvard professor Larry Summers warned that Federal Reserve Chairwoman Janet Yellen's optimism one day might be viewed the same way that Ben Bernanke's statements downplaying the subprime crisis were, and he concluded in an op-ed that
Economy

Economists fear U.S. not prepared to fight off a recession

Joseph Lawler -
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Coats, who chairs the Joint Economic Committee, said in a Thursday hearing that the BRAC program is an
Economy

GOP senator borrows idea from DoD to cut federal spending

Joseph Lawler -
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The annual shortfall would be $152 billion larger than the deficit for fiscal 2015 and the first increase in the deficit, relative to the U.S. economy, since 2009. (AP Photo)
Economy

Deficit expected to rise by one-third to $590 billion

Joseph Lawler -
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Republican presidential candidate Donald Trump said that, with interest rates low, the U.S. should borrow money to spend on infrastructure rather than lowering the $14 trillion federal debt. (AP Photo/Evan Vucci)
Economy

Trump reverses on federal debt: ‘This is the time to borrow’

Joseph Lawler -
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The federal deficit is on pace to post its first increase for a full fiscal year since 2011. (iStock photo)
Economy

Deficit rises to $514 billion through July

Joseph Lawler -
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By the end of Hillary Clinton's first term in office, U.S. economic output would be 1.7 percent higher than it would be under current law if her plans were implemented as they're spelled out on paper. (AP Photo)
Economy

Analysis: Clinton tax-and-spend economic plan would boost growth

Joseph Lawler -
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The group's tentative embrace of the measure, written by retiring Wisconsin Republican Rep. Reid Ribble, is particularly noteworthy because the bill would raise taxes. (AP Photo/J. Scott Applewhite)
Economy

Chamber lays down a marker on Social Security reform

Joseph Lawler -
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The effort, led by Senate Budget Committee Chairman Mike Enzi and bipartisan interlocutors, is not an attempt to reach a grand bargain or solve any of the fiscal problems that face the country. (AP Photo/J. Scott Applewhite)
Economy

Return to supercommittee mulled in Senate

Joseph Lawler -
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The federal budget deficit will be $600 billion for fiscal year 2016, the White House Office of Management said Friday in its update to the president's budget documents. (AP Photo/Evan Vucci, File)
Economy

White House sees $600 billion budget deficit in FY 2016

Joseph Lawler -
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Discussing the possible areas of agreement on the Senate floor Wednesday, Mike Enzi said his committee stood ready to introduce legislation for bipartisan consideration. (AP Photo)
Economy

Budget reforms would end Senate vote-a-rama

Joseph Lawler -
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