Deficit reduction and rebalanced growth are key

By: Laura Tyson January 11, 2010

History reveals that financial crises and the recessions they trigger have disastrous effects on government finances. The credit crisis that exploded in the U.S. in late 2008 is no exception. An unprecedented amount of fiscal stimulus, along with an aggressive and innovative dose of monetary easing, has restored stability to financial markets and stopped the decline ...

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Deficit reduction and rebalanced growth are key

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