What I've Been Reading - April 3, 2009

April 3, 2009
By Kevin Cafferty

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Things have been pretty busy here at MoneyAisle HQ, and we've got some cool stuff that I can't wait to share with all of you (including an expanded version of the Bank Browser I showed you last week), but because we're all about the equal-opportunity cool stuff here at MoneyAisle, I wanted to pass on some recent financial articles I've come across.

With all the talk of economic stimulus packages brought on by President Obama's trek to Europe, CNN is wondering who is going to pay for all of this and how it's going to affect upcoming tax hikes.

One revenue raising idea is a reform of the deferral rule for U.S.-based multinationals. Currently, a U.S.-based company doesn't need to pay income tax on its foreign subsidiaries' profits unless and until the money is brought back to U.S. shores.

Reuters is reporting on the Federal Reserve's latest statements on the economic crisis:

Top Federal Reserve officials pledged on Friday to use all the tools at their disposal to spur lending and a U.S. economic recovery, but warned a rebound could be slow in coming.

"Conditions are not conducive to a substantial and sustained economic rebound, and the Fed will continue to be alert to ways that monetary policy can contribute to economic recovery," Fed Vice Chairman Donald Kohn told an audience at the College of Wooster in Ohio.