Fiscal and monetary policy:
Old global reserve currencies don't die, they just fade away
Willem Buiter, Maverecon, October 21, 2009
The US dollar is clearly on the way out as the leading global currency (reserve currency, vehicle currency, invoicing currency, pricing currency and settlement currency), but its exit from Biggest Beast on the Block status is likely to take at least a couple of decades.
Who's Looking at the Fed's Books?
William A. Barnett, New York Times, October 21, 2009
Without comprehensive audits by an independent auditor to double-check Federal Reserve data, the risk exists of inadequate and sloppy accounting from the Fed.
Raising the debt ceiling
David S. Broder, Washington Post, October 23, 2009
Within the next few weeks, the Senate faces the painful duty of once again raising the statutory limit on the national debt.http://www.washingtonpost.com/wp-dyn/content/article/2009/10/21/AR2009102103583.html?wprss=rss_opinions