Greenspan Says U.S. Deficit Is 'Scary'

The U.S. fiscal deficit is "scary" and the government should slash entitlement spending, former Federal Reserve Chairman Alan Greenspan said. "We%u2019re involved in a dangerous game," Greenspan said, according to Bloomberg News.

Federal Reserve's Donald Kohn to Join Brookings Institution

The Federal Reserve's Donald Kohn, who has worked at the central bank for 40 years, will become a senior fellow at the Brookings Institution when he leaves the Fed next week. Kohn, 67, advised Fed Chairman Ben Bernanke throughout the financial crisis, and also served as a key adviser to former chairman Alan Greenspan. He first entered central banking as a researcher at the Federal Reserve Bank of Kansas City in 1970, and has served as a Fed governor and as head of the monetary affairs group.

Greenspan Says Congress Should Let Bush Tax Cuts Expire

Former Federal Reserve Chairman Alan Greenspan said Congress should let the Bush-era tax cuts expire at the end of this year in order to boost revenue and narrow the federal deficit. "They should follow the law and let them lapse," Greenspan said in an interview with Bloomberg Television.

Greenspan Says U.S. Economy Is Likely in a 'Pause'

Former Federal Reserve Chairman Alan Greenspan said that the recent slowdown in economic indicators is most likely temporary. "It%u2019s more than likely a pause in the usual cyclical pattern," Greenspan said in an interview with CNBC.

U.S. Deficit is Dangerous, Greenspan Warns

Former Fed Chairman Alan Greenspan has spoken out about U.S. budget deficits, warning that if borrowing isn't reined in, America could face a Greek-style debt crisis. He calls for a "tectonic shift in fiscal policy."

Greenspan: Even Suze Orman Is Trashing Him Now

Suze Orman blasted Alan Greenspan's 2004 remarks championing adjustable-rate mortgages -- loans that played a key role in the financial crisis. Seems like the former central banker was a lousy personal finance guru.

Why Ben Bernanke Is Still Right for the Fed

He has amply proved that his knowledge of the mistakes made during the Great Depression has helped the U.S. avoid a second one. So now is not the time to change the Fed's leader. Bernanke's expertise of the Great Depression is still needed -- and will be for the foreseeable future.

What Greenspan Sees Next

Greenspan expects jobs "to come back fairly quickly" since frightened businesses cut costs so deeply and can now barely keep up with demand. Still, he warned that unemployment rates could stay high for a while.

More recession talk!

Have I mentioned before that I'm sick of people moaning about our economy and wailing that we're on the verge of a recession? I have? Oh that's...