Gus Faucher


Gus Faucher is director of macroeconomics for Moody's

Gus Faucher appears in the following:

Facing the Big Bad Budget

Tuesday, February 15, 2011

Breaking a record is almost always good — except when it comes to the deficit. The federal deficit is set to reach its highest figure ever: $1.65 trillion for this fiscal year. That would make it more than 10 percent of the toal economy, the highest level since 1945. And that is just for the current year. In total, the national debt — the cumulative total of deficits since the beginning of the Republic — is set to grow from $14 trillion today to $16.7 trillion by September 30, 2012. Lawmakers will begin debating $61 billion in budget cuts for the remaining months of this fiscal year today, but what will those cuts mean for average Americans?

Comments [21]

GDP Numbers Appear Somewhat Less Bad

Thursday, August 27, 2009

Estimates for today's second quarter GDP numbers will show a decline of somewhere between one percent and 1.5 percent. That’s a sharp improvement – or at least a smaller worsening – a...


Decoding the Latest Economic Numbers

Thursday, August 27, 2009

Home price indexes, GDPs and jobless claim numbers are all coming in this week. Sure, the numbers look good, but what does it all mean in practical terms? Can the worst of the economi...


Labor Dept. reports spike in unemployment claims

Friday, November 21, 2008