Public employee unions, policy pundits, and -- curiously -- some economists are increasingly complaining about micro-austerity policies. They mean local government job cuts, city by city and county by ...

With a shrinking population and a rapidly aging society, the country is moving away from the demand-deficient conditions that characterized much of the post-bubble era.

Wonkblog has taken to using “austerity crisis” in place of “fiscal cliff.” They’re right: “fiscal” is not very specific, while “cliff” suggests a problem that happens all at once. The reality is a ...

TOKYO--Japan's cabinet has approved $135 billion of stimulus to help households cope with rising living costs and boost economic growth, firing off the first fiscal salvo under new Prime Minister ...