Economists Cut U.S. Growth Forecast for Third Straight Month

A panel of economists cut its forecast for U.S. economic growth for the rest of 2010 for the third month in a row.

The latest Blue Chip Economic Indicators report said that lower-than-expected consumer spending, business investment and private constr…

Could Congress Eliminate the Federal Budget Deficit?

The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that’s unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn’t be nearly as hard as it m…