The chained Consumer Price Index can be used to index tax brackets and federal benefit payments.

From the perspective of the corporate profit and loss statement, a trading loss is one expense item in the context of all revenues and expenses. So $2 billion should be compared to the bank's $26.7 billion in pretax profits for 2011, suggesting a reduction of something less than 10 percent in annual profit.

Policymakers can arrest the slow death of the US economy by cutting federal spending, lowering tax rates, stabilizing the debt-to-GDP ratio, and avoiding deflation.

In his latest Economic Outlook, AEI economist John Makin offers a prescription to avoid the slow death of the US economy.

We are deeply uninformed when it comes to how the government spends its budget, and American's enjoy the bulk of the programs that actually make up government.

This paper discusses specific proposals for reducing the United States' deficit that draw on the lessons from past fiscal consolidations.

The debate in Washington about reducing America's deficit is gathering steam and there are increasing calls to make deep cuts in the defense budget.