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Fiscal Drag

Fiscal Drag and Less Thereof

Jared Bernstein | Posted 03.17.2014 | Politics
Jared Bernstein

In much recent writing on fiscal policy, I've faced the hard fact that while it's hard to imagine Congress doing much to help the economy, perhaps it's not too crazy an ask to get them to do less to hurt it.

EIU Global Forecast: On Course for a Mid-year Recovery

Kevin Dunning | Posted 03.26.2013 | Business
Kevin Dunning

Congress was able to avoid the "fiscal cliff" -- a sharp fiscal consolidation at the start of 2013, which threatened to push the economy back into recession. Nonetheless, taxes are set to rise on workers (a temporary payroll tax cut was not extended) and high incomes will be taxed more heavily.