For the past several weeks, mounting fears that the United States is falling into a recession have dominated the news...

Useful, but flawed and probably not enough: that, in general terms, was the verdict pronounced on the $150 billion emergency spending plan agreed to by the White House and Congressional leaders on Thursday in a bid to stimulate the suddenly sputtering economy...

Monday was a holiday in the US – Martin Luther King day...

Writing in Slate magazine in 1997, Paul Krugman, an American economist, neatly captured the widespread belief in the omnipotence of the then-chairman of the Federal Reserve...