Greenspan faults Bush over spending
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Former Federal Reserve Chairman Alan Greenspan, in his new book, bashes President Bush for not responsibly handling the nation's spending and racking up big budget deficits.
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The chairman of the Federal Reserve Board, Alan Greenspan, warned that the government might have to scale back programs like Social Security and Medicare.
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At their national convention, Republicans were short on specifics on how to pay for an economic agenda in a second Bush administration. One reason is that President Bush could end up having to back a tax increase, just as his father did.
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President Bush says Social Security's future financial shortfall is a crisis that Congress must tackle now, repeating Monday his demand for action but refusing to provide details of his top domestic priority that will cost trillions of dollars to implement.
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WASHINGTON -- As President Bush puts together his second-term Cabinet, the financial world's attention is on a job vacancy 14 months away. The question is who will succeed Federal Reserve chairman Alan Greenspan, now in his 18th year in the job.
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President Bush was surprised by the criticism leveled against him by former Federal Reserve chairman Alan Greenspan in his new book, the White House said yesterday.
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Over the weekend, the US Federal Reserve Chairman Alan Greenspan hinted at the maintenance of ``weakââ dollar policy (in Germany) while President Bush said he is committed to a ``strongââ dollar (in Chile).
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Fed chairman Alan Greenspan says the US economy is continuing to grow, but  warns about inflation and the budget deficit.
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Federal Reserve Chairman Alan Greenspan said Friday the country will face "abrupt and painful" choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can deliver.
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Democrat John Kerry's presidential campaign said Friday that Federal Reserve Chairman Alan Greenspan's warning of a looming crisis for Social Security and Medicare should be a wake-up call that President Bush's economic policies have failed.
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President Bush complained Thursday about thousands of pet projects Congress sent to him in a just-passed spending bill and asked his budget director for ideas for what to do with them.
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President Bush is considering asking Congress to freeze domestic spending next year or cut it slightly, even as he prods lawmakers to allow younger workers to divert some of their Social Security taxes into personal investment accounts.
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Vice President Dick Cheney on Wednesday disputed former Federal Reserve Chairman Alan Greenspan's portrayal of the Bush administration's economic policies as fiscally reckless.
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Federal Reserve Chairman Alan Greenspan delivered a blunt warning Friday that foreign investors might get sick of subsidizing the nation&#39;s widening trade and budget deficits, remarks that caused US financial markets to tremble.
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Former Federal Reserve chairman Alan Greenspan warned yesterday that the US economy might slip into recession by year's end.
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Escalating a budget battle with Democrats who control Congress, President George W. Bush accused them on Saturday of pushing tax-and-spend policies and renewed his veto threat.
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Federal Reserve Chairman Alan Greenspan said Friday that the country will face &quot;abrupt and painful&quot; choices if Congress does not move quickly to trim the Social Security and Medicare benefits that have been promised to the baby boom generation.