Tuesday, April 01, 2014
Bill White, who served as mayor of Houston from 2003 to 2009 and was deputy secretary of energy in the Clinton administration, tells the story of federal leaders who imposed clear limits on the use of federal debt for nearly two centuries until 2001, when elected officials broke the traditional link between federal tax and spending policies. For the first time in history, the federal government cut taxes during war, funded permanent new programs entirely with debt, and became dependent on foreign creditors. In America’s Fiscal Constitution: Its Triumph and Collapse, White outlines practical lessons learned from the nation's five previous spikes in debt.
Monday, September 16, 2013
This week, President Obama is facing economic challenges from both sides of the aisle. Republicans are threatening a government shutdown over the 2014 budget and the implementation of the Affordable Care Act. And pressure from liberal Senators led to Lawrence Summer withdrawing his name from consideration for Fed Chairman over the weekend. Wall Street Journal reporter Elizabeth Williamson discusses the latest from both stories.
Wednesday, February 06, 2013
Wednesday, January 02, 2013
President Obama Expected to Sign Fiscal Cliff Bill | Reexamining America's Mental Health System | After a Spate of Mass Shootings, Oak Creek Victims Reflect on the Year | Embracing Humiliation | Comets to Watch for in 2013 | Who Will Be the NFL's MVP? | Pulitzer-Prize Winning Photographer on Covering Tragedy