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Published 1/8/2009 at The Economist: Full print edition

The Congressional Budget Office forecast that America’s budget deficit for the 2009 fiscal year would reach almost $1.2 trillion (close to $4,000 for every man, woman and child). The actual figure will probably be higher if Congress approves a new stimulus package of spending and tax cuts that could top $800 billion. See article The Bank of England sliced its key interest rate by half a percentage point to 1.5%, its lowest level since the central bank was founded in 1694. Last month the Federal Reserve lowered its rates near to zero. See article ... (link)

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