Fiscal policy of the United States is one of increased spending to help stimulate the economy. A good example of this can be seen with the President's proposal to spend $447 billion on encouraging employers to hire new workers and through government infrastructure projects. While at the same time, it is providing assistance to the states to help hire police officers, fireman and teachers. These different elements are important, because

Decisions and policy changes have implications all around the globe, not just in the nation that makes these changes. Improving a nation's current account, which is a product of a depreciating dollar where investors move their money to foreign currencies and trade products, also helps to boost the legitimacy and perceived strength of an economy. In Canada, this has the effect of depreciating the currency and boosting aggregate demand, which

Fiscal Policy: The United States fiscal policy affects all types of economic and financial decisions within the country. In addition, the U.S. fiscal policy has significant financial and economic effects on other countries across the globe because America is the largest economy worldwide. Generally, monetary policy is geared towards influencing the performance of an economy as evident in various factors like employment, economic output, and inflation ("U.S. Monetary Policy," n.d.).

Fiscal and Monetary Policy How is a recession defined? Is the U.S. currently in a recession? Explain. The National Bureau of Economic Research (NBER) "is widely recognized as the arbiter of starting and ending dates of U.S. recessions" (Burtless, G. April 19, 2010). As such, NBER indicates, "recessions start at the peak of a business cycle and end at the trough; and are a significant decline in economic activity spread across the

Policy Problem & Proposal Policy Problem The United States faces a $1.4 trillion national deficit, and partisan debate about how to address it is threatening economic stability on top of the shaky "recovery" from the 2009 financial crisis. Yet American corporations continue to enjoy tax loopholes that reduce their taxes to unprecedented low levels. Republicans argue that corporations must retain their preferred tax status in order to maintain and create jobs. This

economic situation in the United States is favorable compared with five years ago. Five years ago, it was late 2009 and in the depths of the Great Recession, so performing better than those levels is no great achievement. But as a point of comparison, all metrics are better today. The annualized rate of GDP increase in the third quarter of 2014 was 3.9%, down from 4.6% in the second