Greenspan sees no painless solution to debt woes

, Bloomberg

   | 0 Comments

The U.S. faces twin fiscal challenges with more than $600 billion of spending cuts and tax increases scheduled to hit at the beginning of next year, threatening to send the economy into an austerity-induced recession, even as rising long-run deficits may prove unsustainable.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202580567166

Thank you!

This article's comments will be reviewed.