Republican lawmakers have played down the significance of hitting the debt limit, saying the U.S. can avoid default by putting aside funds to pay bond holders. Economists affiliated with the party aren’t so sanguine.
Aug. 30 (Bloomberg) -- Lanhee Chen, policy director for Republican presidential nominee Mitt Romney's campaign, Douglas Holtz-Eakin, president of the American Action Forum, former U.S. Labor Secretary Elaine Chao, and former Representative Vin Weber of Minnesota participate in a panel discussion about fiscal policy.¶ Bloomberg's Peter Cook moderates the event sponsored by Bloomberg LP and Peterson G. Peterson Foundation at the Republican National Convention in Tampa, Florida. (Source: Bloomberg)
Fees that health insurers will be required to pay the U.S. government starting in 2014 will give nonprofits such as Kaiser Permanente a market advantage over corporate competitors, said economist Douglas Holtz-Eakin.