Today there was another reminder of just how fragile the world economy remains. The budget deficits of Greece, Portugal and Spain -- nations that use the Euro -- exceed 8 percent of GDP and could impact the economic fortunes of countries far from Southern Europe. These governments risk defaulting on their debts by failing to control spending.
All Posts Tagged With: "budget"
In this wide-ranging interview, Chilean finance minister Andres Velasco speaks about Chile's privatization of social security, its past and present fiscal policy, and the lessons advisors have learned from economic cycles of the past.
The U.S. budget deficit is increasing, and could reach $9 trillion over the next 10 years. C. Fred Bergsten of the Peterson Institute for International Economics discusses the possibility of a fall in the value of the dollar.
Thirteen former Generals and Admirals — representing the Army, Navy, Marine Corps and Air Force — asked Congress to support the 2010 Defense budget that Defense Secretary Robert Gates and President Barack Obama developed.