The fiscal and economic aftermath of the Sept. 11 attacks has left about half of all United States cities less able to meet their financial needs, according to a recent survey by the National League of Cities.
Rather, it stems from the states' dire fiscal straits in the aftermath of the recession.
But not before choking off needed fiscal spending in the aftermath of the recession, spooking financial markets, denting consumer confidence and prompting Standard & Poor's to strip the U.S. of its triple-A credit rating.
Many of the developed economies, including Ireland, are struggling to contain expenditure on health following the fiscal crisis in the aftermath of the 2008 global economic recession.
By Andy Borowitz January 2, 2013 WASHINGTON (The Borowitz Report) — In the aftermath of the fiscal-cliff deal, Republicans in Congress issued a heartfelt apology to the top 1.5 per cent richest people in America, offering "messages of profound condolence" for allowing their taxes to increase slightly.
The aftermath of the financial crisis proved how fiscal stimulus, particularly spending on gross fixed capital formation (a large component of infrastructure), yields far more substantial benefits for GDP growth than monetary stimulus alone.
There are periods – the late 1970s and the mid-1990s – when in the aftermath of a crash, stringent fiscal policy is used to rebalance the economy towards exports and manufacturing, but history suggests that they don't last for long.
But there was a widespread determination in the immediate aftermath of the financial crisis to dismiss the notion that in a liquidity trap there are large impact of fiscal policy, positive or negative.
With regard to capital, in the aftermath of the financial crisis, the U.S. remains characterized by large debt burdens (hovering around 70 percent of G.D.P ., and a fiscal deficit that many fear is unsustainable — at around 10 percent of G.D.P.
Concerned Scottish companies are citing possible implications for everything from borrowing costs and credit ratings to serious fiscal, monetary, legal and regulatory issues in the immediate aftermath of a Yes vote or a narrow No decision.
