1. Webinar: Lower the floor or raise the ceiling? US fiscal and economic outlook
- Author:
- Leo Abruzzese
- Publication Date:
- 04-2011
- Content Type:
- Working Paper
- Institution:
- Economist Intelligence Unit
- Abstract:
- A serious deficit-reduction debate is underway. Despite wide policy differences, this is encouraging and long overdue. Agreement on some basic steps may happen soon. A serious, long-term deal won't happen until after the election. A credible plan will require revenue increases. These won't come quickly or easily, but they are unavoidable, The debt ceiling will be raised, amidst much drama. The US will not default on its debt. The US economy is still recovering...but higher energy and food prices are creating headwinds.
- Topic:
- Debt, Economics, Global Recession, and Financial Crisis
- Political Geography:
- United States