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Topic: Peter Morici

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The budget savings likely will fall short of their goals, because the spending cuts will result in slower growth and less tax revenues than expected
Economic Outlook: Insomnia
United Press International
Too many dollars go abroad to purchase Middle East oil
Obama may open Strategic Petroleum Reserve
United Press International
Without curbing spending in those areas, there is simply no way out of Washington's fiscal mess
Economic Outlook: The new Greece
United Press International
The next financial tsunami is emerging and will ripple to America
Economist warns: Europe, then America
United Press International
Greece is insolvent. No austerity or new taxes will pay its debts
Economic Outlook: Hedging confidence
United Press International
The trade deficit bottomed at $24.9 billion in May 2009, just before the current economic recovery began. Now, a rising trade deficit and continued weakness among regional banks threatens to derail the (economic) recovery
Trade gap widened in May
United Press International
It appears the economy slowed further in April, as rising gas prices took a bite out of consumer spending, and the lack of resolve to deal with federal budget woes is curbing businesses appetite for risk taking and hiring
Jobless report shows more claims filed
United Press International
The euro is undervalued for strong economies like Germany and France, boosting their exports and growth, and overvalued for poorer debt laden countries like Greece and Portugal
Economic Outlook: Oceans apart
United Press International
Athens will soon be short of cash again. Perhaps, next year or the year after
Economic Outlook: Insomnia
United Press International
Not enough money could be invested on behalf of young contributors, because the government would still have the burden of paying off the present and next generation of retirees, and so not enough of young folks' money could be invested for their old age
Politics 2012: Perry moves away from calling Social Security a Ponzi scheme
United Press International
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Singer Miley Cyrus arrives at the 2013 Billboard Music Awards held at the MGM Grand Hotel in Las Vegas, Nevada on May 19, 2013. UPI/Jim Ruymen