Question: What is the difference between fiscal and monetary policy?
Answer: Fiscal = budgetary choices of taxing and spending
Monetary = federal reserve decisions on interest rates and monetary supply.
Question: Where are the cuts in last week's government 'saving' budget agreement?
Answer: Spelled out in the middle of the night budget bill, PBS reports:
http://www.youtube.com/watch?v=q3tLgzzJk7A&feature=player_embedded
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