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?
This is the first drop in spending from the previous year since the U.S. Labor Bureau began publishing this data in 1984.
October 11, 2010
Mortgage interest payments and charges fell from $3,890 in 2007 to $3,594 in 2009, evidence of the higher than normal mortgage default rate, falling house prices, lower rates of homeownership, and declining mortgage interest rates over the period.
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.
CUNA President/CEO Jim Nussle said Thursday that the field-of-membership rule changes proposed by the National Credit Union Administration at its open board meeting will provide greater choice for consumers, as well as flexibility for credit unions to better serve their communities.