How Congress reacts to the recommendations later this year from President Obama’s bipartisan fiscal commission will be important for the credit standing of the United States, according to John Chambers, an official with Standard & Poor’s.“It is very important for…
With pressure mounting to show progress in reining in the nation’s unsustainable structural budget deficit, Social Security reform may soon return to the policy agenda. Presidents Bill Clinton and George W. Bush each made attempts at reforming Social Security in…
Federal Reserve Chairman Ben Bernanke said last week that the country must start making tough decisions to rein in future deficits while still meeting the economic needs of an aging population. His unusual focus on fiscal policy came as International…