An agreement to raise the debt ceiling still appears to be some way off, but not for lack of trying. Every day seems to bring a new deficit reduction plan. With the clock ticking, we doubt there is...

The annual growth rate of our own Capital Economics measure of the M3 aggregate hit a two-year high of 4.9% in June, while the growth rates of both M1 and M2 continued to rise as well.

The risk that the US government will default on some of its debt obligations lingered last week as the stand-off over the raising of the debt ceiling appeared to intensify. At the same time, it has...

The impasse over raising the debt limit continued last week, although it looks like the two sides are edging closer to a deal ahead of the 2nd August deadline set by the Treasury. If there's no deal...