In Non-Presidential Debate News . . . .
Could NATO Forces Be Useful In Syria?
The Christian Science Monitor says there is growing momentum for NATO to provide military support to Syrian opposition forces. Turkey has made several requests in the past months for additional NATO support.
Among the options available, says the paper, would be “sending four AWACS radar aircraft and five Patriot air defense batteries, as well as equipment for chemical and biological defense.”
Meanwhile, UN envoy Lakhtar Brahimi is asking both sides to observe a truce during the upcoming Muslim holiday of Id al-Adha, or Festival of the Sacrifice.
Congress Seeking A Plan B For Deficit Reduction
Republicans and Democrats are trying to reach consensus on a Plan B for $60 billion to $100 billion in deficit reduction to avoid having make larger spending cuts and/or impose tax increases, reports Bloomberg News.
Consumer Price Increase Consequence Of Rising Gas Prices
For a second month, the cost of living rose in September as a consequence of rising gas prices. The consumer-price index increased 0.5 percent last month after climbing 0.6 percent in August.
“This is purely an energy story. For the core reading, inflation looks pretty tame. Consumers are seeing some relief in the growth rate of a lot of prices. The Fed is perfectly fine with where inflation is right now,” Omair Sharif, a U.S. economist at RBS Securities Inc. in Stamford, Connecticut told Bloomberg Businessweek.
Federal Reserve Officials Differ On Recovery
Days ahead of their Open Market Committee meeting, Federal Reserve officials are offering differing views of the economy and the Fed’s response, reports Reuters. In a speech on Monday, New York Federal Reserve Bank President William Dudley said that the Board probably could have pursued a more aggressive approach to the economy.
“Monetary policy, while highly accommodative by historic standards, may still not have been sufficiently accommodative given the economic circumstances,” Dudley said. Meanwhile, San Francisco President contended that the Fed’s actions were appropriate and sufficient to stimulate growth.