Fiscal policy

Last Groundhog Day we asked a couple economists to predict the economic future. Today we asked them to do it again.

The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'

Social Security's shortfall is manageable, but it's also real.

One idea that's emerging this morning is to create a fiscal union between countries to enforce tighter budgets across Europe.