Related topics: barack obama

Value-added tax cuts do not increase consumer purchasing power

An empirical study published in the Journal of Political Economy finds that VAT cuts are less likely to be passed on to consumer prices than VAT hikes. Following a temporary VAT cut, prices can even be higher than on onset.

US fiscal policy 'too stimulative': business economists

Following approval of the massive US tax cut, a majority of economists now say fiscal policy is adding too much fuel to the world's largest economy, according to a survey published Monday.

Travel campaign fuels $1B rise in hospitality industry

The Obama administration's controversial travel-promotion program has generated a roughly $1 billion increase in the value of the hospitality industry and stands to benefit the U.S. economy in the long run.

National deficit outlook unchanged under Obama: UMD policy analysis

From a public policy point of view, the national debt accumulation since President Obama took office is largely a result of policies put in place prior to his inauguration, says a new analysis by University of Maryland expert ...

New generation GPS satellite starts tests in Colo.

A $5.5 billion upgrade to the Global Positioning System moved a step closer to launch this week when a prototype arrived at a Lockheed Martin complex in Colorado to begin months of tests.

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