austerity-crisis

Money market funds abandoned Europe in the spring of 2011. The fact that the money is returning, like green shoots after a forest fire, is a sign of growing confidence that a major meltdown has been avoided.

Basically, Congress could just let the whole sequester take effect to solve its government spending problem, according to this think-tank's numbers.

  • Suzy Khimm
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  • Jan 10, 2013
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People say we haven't done anything to reduce the deficit. In fact, Washington has enacted $2.4 trillion in deficit reduction over the last two years.

  • Suzy Khimm
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  • Jan 8, 2013
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A look back at the past few weeks' offers and counteroffers.

  • Dylan Matthews
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  • Jan 2, 2013
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The fiscal cliff is over, but the battle over longer-term U.S. fiscal policy has just begun.

  • Neil Irwin
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  • Jan 2, 2013
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Here's the awful, embarrassing story of the fiscal cliff in GIFs and graphs.

  • Dylan Matthews
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  • Jan 2, 2013
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By historical standards, the tax increase taking place Jan. 1 is massive.

The deal lets the payroll tax holiday expire. That means that the paychecks for more than 160 million Americans will be 2 percent smaller starting in January.

  • Suzy Khimm
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  • Dec 31, 2012
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Wall Street calls Washington's bluff on the fiscal cliff

  • Neil Irwin
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  • Dec 31, 2012
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Obama isn't just conceding on taxes and entitlements to reach a deal with Republicans. He's also giving up its demands for major short-term boost a flagging economy.

  • Suzy Khimm
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  • Dec 21, 2012
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Experts on negotiations say Obama has the upper hand. But they also say everyone's negotiating wrong.

  • Dylan Matthews
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  • Dec 21, 2012
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Obama and Boehner are currently hashing out a fiscal cliff deal. But how would you solve it? We built a tool to let you try.

  • Dylan Matthews
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  • Dec 20, 2012
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Here are two numbers to know about the United States and Japan: 1.79 percent and 0.77 percent. In other words, investors are willing to fling their savings at those two seemingly dysfunctional governments for next to nothing.

  • Neil Irwin
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  • Dec 20, 2012
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Cargill's CEO on America, post-fiscal cliff: "People begin to doubt your institutions. If you take [America's] name off and just look at the vital signs, you’d jump to all sorts of conclusions."

Obama and Boehner have exchanged five offers since fiscal cliff talks started. Here they all are, in one easy chart.

  • Dylan Matthews
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  • Dec 19, 2012
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What would a deal for the fiscal cliff mean for the economy? It may not be very good.

  • Neil Irwin
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  • Dec 18, 2012
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The various plans floating around the fiscal cliff vary widely in which income groups they'd hit. Here's how they differ, in one chart.

  • Dylan Matthews
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  • Dec 14, 2012
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Republicans have proposed two concrete changes to entitlement programs: Raising the Medicare eligibility age and moving to a chained CPI for Social Security. Neither have gone over well with liberals.

  • Suzy Khimm
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  • Dec 11, 2012
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With a deal possibly imminent, Democratic legislators are bringing up small-ball, parochial issues that they hope to make it into a grand bargain.

  • Suzy Khimm
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  • Dec 10, 2012
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Congress and the White House have already agreed to $1.5 trillion in deficit reduction that will leave key domestic programs—from veterans health care to Head Start—facing a $615 billion shortfall over the next 10 years, according to a new analysis.

  • Suzy Khimm
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  • Dec 9, 2012
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