In the News

Economic Recovery Is Still Threatened

Tax cuts and jobless benefits are needed to support consumers, writes Adam Hersh in Market Watch.

The U.S. economy picked up speed in the last quarter of 2011, but it is still hung over from the 2000s’ real-estate-bubble-driven economy, according to data released today by the Bureau of Economic Analysis. With our economic recovery still facing numerous risks, policy makers should continue soon-to-expire payroll tax cuts and unemployment insurance benefits to sustain growth momentum.

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Adam Hersh

Senior Economist