2321. United States — Fiscal Fallout
- Publication Date:
- 09-2001
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The president this week signed into law a 40 billion dollar emergency appropriations package in response to the September 11 terrorist attacks. The package forms part of considerable planned spending increases, which in combination with expected tax cuts, will result in the country's fiscal position deteriorating significantly. This will have important implications for Federal Reserve policy, the bond market, and long-term global interest rates.
- Topic:
- Foreign Policy, Economics, and Terrorism
- Political Geography:
- United States