U.S. budget blasted by global watchdogs: IMF cites long-term risk, while Paris group calls for Bush to raise taxes

Article Abstract:

International Monetary Fund officials have warned that the continuing US deficit could slow economic growth by reducing investment, increasing interest rates and drying up limited savings. The France-based Organization for Economic Cooperation and Development believes taxes will need to be raised before the budget can be balanced.

International Monetary Fund, Comparative analysis, Organization for Economic Cooperation and Development, Deficit financing, Deficit spending

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Fed's Kohn says it's too early to relax inflation concerns

Article Abstract:

Although a recent slowdown in inflation is encouraging, Federal Reserve vice chair Donald Kohn feels that it is too soon to start lowering interest rates. The housing market is still uncertain, and the recent reducation in inflation may be due to temporary factors like lower energy costs.

Interest Rates, Executive changes & profiles, Officials and employees, Inflation (Finance), United States. Federal Reserve Board, Inflation (Economics), Kohn, Donald

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U.S. may be losing its appeal to foreign investors, report warns

Article Abstract:

According to the recently released Economic Report of the President, foreign investors are losing interest in investing in the United States. National security concerns amongst both Congress and the American public are cited as one possible reason for this trend.

International economic relations, Foreign investments

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