The Economy in Perspective
Fiscal policy in the balance … Earlier this month, President Clinton signed into law two bills that collectively aim to balance the federal budget and slash the public's tax obligation by the year 2002. This legislation caps a long march toward fiscal equilibrium that begun - depending on one's partisanship - sometime in the 1980s.
Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-08, pp. 01, 08.01.1997.