There is little prospect of getting the Federal deficit under control in the long-term unless spending on health care is reined in or, at the very least, not allowed to continue growing at a faster...

The annual growth rate of money, including our measure of the M3 aggregate, continued to accelerate in April. Nevertheless, at a time when T-bill rates have fallen even closer to zero, we suspect this...

It's taken over two years, but the US is at last exporting as much as it was before the recession. And the lower dollar may soon give exports an extra lift. Nevertheless, as imports are rising just as...

In all likelihood, the Federal government will hit its debt ceiling at the start of next week, although the Treasury can use a number of accounting tricks to delay the day of reckoning, perhaps until...