Fiscal Policy

Money is a crucial part of our society and often a dominating concern, but what exactly is money? And why do we know so little about it?

In this edition of Up To Date, Steve Kraske talks with Steve Forbes, the chairman and editor-in-chief of Forbes Media. Forbes advocates for a return to the gold standard and explains why policy makers are dangerously ignorant of fundamental monetary principles.


David Iliff/Wikimedia Commons

With the House of Representatives and the president once again butting heads over the federal budget, a government shutdown is looking more likely by the day.

On Tuesday's Up to Date, Bob Bixby of the Concord Coalition joins Steve Kraske to talk about the economy, the effect a shutdown could have on the country if Congress doesn’t pass a new budget and how the debt ceiling debate figures into the equation.


Update at 9:45 p.m. Deal Reached

Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop sharp tax increases and spending cuts. A source told NPR the deal with congressional Democratic and Republican leaders includes a mix of both.

If President Obama and House Speaker John Boehner's closed-door meetings aimed at solving the fiscal cliff crisis trouble anyone, you'd expect it to be the open-government watchdogs who routinely bark their outrage at public officials who work overtime to avoid public scrutiny.

Over the years in this country, Washington and Wall Street have taken one step after another to dismantle the middle class.