Joining us to discuss potential budget cuts is Gus Faucher, an economist with Moody's Analytics, who says that while there is no long term fiscal gain without short term pain, the proposed cuts in discretionary spending are just a drop in the bucket.
Home price indexes, GDPs and jobless claim numbers are all coming in this week. The Takeaway speaks with Gus Faucher, director of macroeconomics at Moody's Economy.com, and Andrew Walker of the BBC to interpret these economic indicators.
Estimates for today's second quarter GDP numbers will show a decline of somewhere between one percent and 1.5 percent. With The Takeaway to explain this lessening decline is Gus Faucher, director of Macroeconomics at Moody's Economy.Com.
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