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With fiscal deadlock in Washington threatening the economy, they may have found the answer.
The policy outlook has been clear for ages: fiscal deadlock and low interest rates.
But in other ways, the 1990 budget deal set the stage for today's fiscal deadlock.
WASHINGTON — Throughout the tense fiscal deadlock in recent weeks, some of the most powerful forces in Washington, including retirees and defense contractors, largely sat on the sidelines.
The fiscal deadlock, he said, cast such a long shadow over the gathering that the ministers did not have to dwell on the financial and structural problems in their own economies.
The president has offered up the cuts as a compromise to try to bring Republicans back to negotiations on a universal tax-and-spending agreement and break a fiscal deadlock that has paralysed Washington.
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Executives at companies making everything from electrical components and power systems to automotive parts say the fiscal stalemate is prompting them to pull back now, rather than wait for a possible resolution to the deadlock on Capitol Hill.
Fiscal policy is deadlocked.
The so-called fiscal cliff, and Washington deadlock, dominate the news these days, but the reality is that Congress has accomplished a lot.
JOHN T., New York, posted on nytimes.com Adam Davidson hoped Hubbard and Summers could reach an agreement that would inspire Congress to break its deadlock over fiscal policy.
But with the latest economic data flashing warning signs that the economy was cooling, the immediate reaction from Congressional leaders signaled little movement toward breaking the long, partisan deadlock over fiscal policy.
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