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Trillion budget deficit for fiscal 2010, second only to the $1.4 trillion deficit that covered most of his first year in office. but it was better than the congressional budget office that the white house predicted thanks to less than expected spending on tarp and mortgage giant fannie. they say the fed is ready to buy treasury bonds to pump up the economy but he wasn t optimistic about jobs. growth next year seems unlikely to be above the long-term trend. if so, net job creation may not exceed by much increase in the size of the labor force. bernanke says officials are more worried about prices falling than inflation, and seniors are the losers. social security is not paying cost of living allowance for the second year in a row, though the white house is pushing congress for a $250 a person payment. meanwhile, treasury secretary geithner announced the u.s. will put off a decision on punishing chifa for currency manipulation, until after talks of a trade meeting ....
Covered most of his first year in office. but it was better than the congressional budget office that the white house predicted thanks to less than expected spending on tarp and mortgage giant fannie. they say the fed is ready to buy treasury bonds to pump up the economy but he wasn t optimistic about jobs. growth next year seems unlikely to be above the long-term trend. if so, net job creation may not exceed by much increase in the size of the labor force. bernanke says officials are more worried about prices falling than inflation, and seniors are the losers. social security is not paying cost of living allowance for the second year in a row, though the white house is pushing congress for a $250 a person payment. meanwhile, treasury secretary geithner announced the u.s. will put off a decision on punishing chifa for currency manipulation, until after talks of a trade meeting next month. geithner cited recent improvement in currency ev ....