US budget

Donald Trump US president

The threat of US economic policy deadlock is looming

The markets are becoming increasingly sceptical about Trump’s ability to enforce any coherent economic policy mix. Even if his advisors in this field are seasoned bankers, the White House is rapidly losing its grip on critical decision-making areas, such as the budget stance.


Obama chooses debt… and hopes for growth

NEW YORK | While Europe is determined to cut the deficit now and see what happens later, the Obama administration has chosen the other way: spend now, cut in the long term. As the president has just put it “[We] can’t just cut our way into growth.” Not willing to risk the improvement the US economy is experiencing, he has sent to Congress a $3.8 trillion budget for the fiscal…