The most likely source of a U.S. sovereign debt crisis is a failure of the U.S. political system to address the growth of the major entitlement programs--Social Security, Medicare and Medicaid.

Leveraged bets as high as 30 to 1 on risky investments with little equity cushion against potential losses is what helped bring down the likes of Lehman Brothers, Bear Stearns, Fannie Mae and Freddie Mac. Think it can't happen again? It's about to—with the Federal Housing Administration.

Rick Santorum announced Tuesday that he is suspending his presidential campaign, leaving Mitt Romney to wrap up the Republican nomination to take on President Obama despite still having GOP hopefuls Newt Gingrich and Ron Paul in the race.

As co-authors of Why ObamaCare Is Wrong for America,we strongly recommend that the Affordable Care Act of 2010 should be repealed and replaced as soon as possible.

The current economic environment of low—virtually zero—interest rates has hit savers hard, but abruptly raising interest rates could harm economic growth and the housing market. Until the economy stabilizes and the Fed begins raising interest rates again, savers have few options: they can adjust their lifestyles, dip into their savings, or take on riskier investments such as gold and stocks.

Americans have the highest health spending on the planet. Why? Because they can afford to do so. What few people realize is that the U.S. has increased its standard of living vis-à-vis its biggest competitors despite rising health expenditures (figure 1.6c).

After many years of false starts, the Japanese economy may finally be set to boom—or at least to enter a period of sustained growth with a sharply rising stock market.