The probability is rising that Congress won't act to prevent the sequestration spending cuts taking effect at the start of next month. On paper, that would reduce spending by $110bn per year...

State and local governments have sorted out their finances to such an extent that they will soon be in a position to raise spending and, consequently, boost both GDP and job growth. This will offset...

As if households didn't already have enough to worry about with the expiry of the payroll tax cut at the start of this year, they suddenly find themselves having to cope with a sudden spike in...

Further increases in both house and equity prices would take net household wealth back above prerecession levels later this year, perhaps helping to boost GDP by around 0.7%. This wealth effect should...