In 1932, John Maynard Keynes ignited a debate among economists and policy makers that still burns to this day. In a letter to the Times of London, Keynes proposed using federal deficit spending to reduce the length and severity of the Great Depression. Is that the best approach to tackle today's economic challenges?
Persistent deficits and mounting debt could have negative economic consequences for the U.S.
August 11, 2010
Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II.
The subject of dividends has come up in a number of questions to CUNA’s compliance staff recently, making this a good time to address questions with the NCUA’s Truth in Savings Regulation (12 CFR 707).
The CFPB is expected to release its proposal on debt collection in conjunction with a July 28 field hearing in Sacramento, Calif. CUNA has met with the bureau a number of times to address the forthcoming rulemaking.