President Obama could consider introducing a tax on carbon emissions to help cut the US budget deficit after winning a 2nd term as President, according to Nick Robins of HSBC, an NSFM participant. “A tax starting at USD20 a metric ton of carbon dioxide equivalent and rising at about 6% …
Is S&P’s Deficit Warning On Target?
An article from The Baseline Scenario Posted: 21 Apr 2011 05:26 AM PDT By Simon Johnson On Monday Standard & Poor’s announced that its credit rating for the United States was “affirmed” at AAA (the highest level possible), but that it was revising the outlook for this rating to “negative” …