In the short run, tax cuts at the federal level will be necessary to offset sharp tax increases at the state and local level.

U.S. policymakers are breaking new ground with important reflationary measures to move the economy onto a path of sustainable recovery.

For the dollar to collapse, it would need to do so against the euro and the Japanese yen, both of which seem substantially weaker than the dollar itself.

What do the dollar's role and value mean for U.S. foreign policy?

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.

As fears of another recession have mounted, so too have criticisms of the US Federal Reserve, including some irresponsible assertions that could endanger world markets if followed.

Why did Obama's first jobs plan--the $825 billion stimulus--so quickly result in the need for another jobs plan? The economy would have benefitted far more if the government had instead improved the incentives for people and businesses to invest, produce and grow. The President probably won't mention any of this, but it does explain why he has to give his latest speech.

Reform focused on sustainable lending would have FHA target a projected average claim rate of 5 per 100 insured loans under normal circumstances and 10 per 100 insured loans under stress circumstances.  This rate is about five times the normal default level for prime loans and about half the FHA's traditional default level under normal circumstances.