Compromise struck on tax cuts
It appears there has finally been a deal struck over what to do about the tax increases set to take place at the beginning of next year.
Gambling in the property market
Bloomberg today reports that uncertainty over tax rates has caused some turmoil in the commercial property market.
Governors promise cuts, will Washington follow suit?
While Washington power players and pundits have been busy discussing what the election “means” for federal economic and fiscal policy, it looks like governors-elect have already begun getting down to business.
Unemployment rate remains at 9.5%
In another round of disappointing jobs news, the Labor Department’s July unemployment report shows that the recovery remains sluggish.
U.S. debt to outpace GDP
Yesterday Bloomberg put in graph-form what we’ve been saying for months: the U.S. debt is rising and will soon outpace the size of the total U.S. economy (GDP, or gross domestic product). We’ve warned in the past the total debt will be about 90% of total GDP in less than 10 years. Using a more [...]

