With the Bush tax cuts set to expire at the end of December, there has been much talk about what to do. Republicans, of course, want to make the tax cuts permanent. Democrats, President Obama included,want to see the tax cuts expire for the rich, and make them permanent for the poor. What needs to [...]

The Fed announced on Tuesday that they will reinvest money from expiring mortgage backed securities into longer term U.S. Treasurys. At present these securities would have shrunk the Fed’s balance sheet. The reinvestment into Treasurys signals that the Fed is comfortable with spending more money for a longer time. Some Fed workers worry that they [...]