Looming US debt clash a safety check for investors

June 15, 2012

Washington looks set to repeat last year’s battle over the nation’s borrowing limit. That was almost a debacle. But the messy spectacle serves to put reducing deficits in the spotlight, forcing Congress to ensure that borrowing remains manageable. That should be welcomed.

New Obama budget still leaves fiscal future fuzzy

April 13, 2011

President Barack Obama's budget do-over is certainly an upgrade. U.S. deficits a decade from now would be sharply lower than under his previous plan. But the approach is still full of accounting gimmicks, and ducks making necessary long-term fixes.

Chuck Hagel is good choice for U.S. deficit hawks

January 8, 2013

Obama’s pick for defense secretary mixes dovish foreign policy views - at least for a Republican - with budget-cutting fervor. The combination could actually slash Pentagon spending. Reducing it to the proportion of GDP seen in the late 1990s would save Uncle Sam $250 bln a year.