Nobel-Prize winning economist Paul Krugman spoke to the media at the sidelines of the SMU Sim Kee Boon Institute public lecture. He advised re-elected President Barack Obama to “hang tough” when facing the January fiscal cliff deadline, where US$600 billion in higher taxes and reduced spending automatically becomes enacted as law. Prof Krugman also said that a Republican Congress and Democratic Party-controlled Senate would unlikely be able to arrive at a compromise on the fiscal cliff and other new major legislation.
SUBSCRIBE TO THE SKBI MAILING LIST*
Get updates on SKBI news and forthcoming events.
*Please note that upon providing your consent to receive marketing communications from SMU SKBI, you may withdraw your consent, at any point in time, by sending your request to skbi_enquiries [at] smu.edu.sg (subject: Withdrawal%20consent%20to%20receive%20marketing%20communications%20from%20SMU) . Upon receipt of your withdrawal request, you will cease receiving any marketing communications from SMU SKBI, within 30 (thirty) days of such a request.