Question: How concerned should we be about (1) our level of national debt and (2) China holding a large portion of our national debt? Paul Solman: These are among the great debates of our time, of course. Short-term,…
President Barack Obama has named Kansas Gov. Kathleen Sebelius as his new choice to head the massive federal Health and Human Services agency.
President Barack Obama gave a prime-time press conference Monday to make his case to the public for an economic stimulus plan and to respond to other policy issues. Following is the text of Mr. Obama's prepared statement and the full…
Question/Comment: Allowing for the current reduction in home valuations and thus reduced property tax revenues generated to local governments in general, what combination of revenue(s) would most likely restore city, county and state governments to fiscal solvency? I understand the…
Question/Comment: Paul, please help me understand who is more correct when it comes to the multiplier as applied to tax cuts, versus increased government spending. Professor Greg Mankiw believes that the stimulus package should have more tax cuts, while…
President Obama is making his first trip to Capitol Hill since his inauguration to push for broad bipartisan support of his $825 billion economic stimulus plan.
Question/Comment: What is the future of Social Security and Medicare in the next 20-years and how do you see it being changed to accommodate future generations? Paul Solman: Medicare is a much bigger problem than Social Security. I think Medicare…
The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, new Congressional Budget Office figures show.
President-elect Barack Obama named Timothy Geithner as his choice for Treasury Secretary and named other key members of his economic team. Following are his remarks, as prepared for delivery on during a press conference Thursday in Chicago.
Question/Comment: What can our government actually do to reduce extreme financial inequality after the fact (assuming that such reduction is desirable)? Once extreme wealth has been created, don’t those chosen “elite” have considerably more opportunity than the rest of us…
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