Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its name: stagflation. It was the sound of the world hitting a wall, a combination of no growth and inflation. It created an existential crisis for the global economy, leading many to argue that the world had reached its limits of growth and prosperity. That day of reckoning was postponed, but now, after a 30-year hiatus, at least a mild bout of stagflation has returned, and matters could get much worse. We are back to the future, with the question we asked 30 years ago: How can we combine robust economic growth with tight global supplies of such critical commodities as energy, food, and water? It's worth comparing the earlier episode of stagflation with our current travails to help us find our way. In fact, this time the resource constraints will prove even harder to overcome than in the last round, since the world economy is much larger and the constraints are much tighter than
A House of Representatives committee has subpoenaed Vice President Dick Cheney's chief of staff as part of its investigation into the treatment of suspected terrorists, the White House confirmed Tuesday.
Vice President Dick Cheney said Sunday it will take "painful concessions" from both Israelis and Palestinians to achieve the Bush administration's vision of a Palestinian nation alongside Israel.
Vice President Dick Cheney arrived Saturday night in Israel, where he pledged America's "enduring and unshakable" commitment to the security of the Jewish state as it approaches its 60th anniversary.
High oil prices paining U.S. consumers is a key topic of Vice President Dick Cheney's talks Friday with Saudi King Abdullah
Vice President Dick Cheney made a brief visit Thursday to Kabul, praising ties with the Afghan government and expressing hope that the NATO-led effort to confront the Taliban will be expanded.
Vice President Dick Cheney told reporters Monday in Baghdad that the five years in Iraq since the war's start has been "well worth the effort."
Washington warns that skyrocketing prices threaten a global recession that will hurt oil producers, but their capacity to boost supply to meet rising demand may be limited
Vice President Dick Cheney will travel to the Middle East next week, including stops in Israel and the Palestinian territories, his office said Monday.
Vice President Dick Cheney went back to his normal work schedule Tuesday, a day after doctors used an electrical current to correct an irregular heartbeat, his spokesman said.
Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its name: stagflation. It was the sound of the world hitting a wall, a combination of no growth and inflation. It created an existential crisis for the global economy, leading many to argue that the world had reached its limits of growth and prosperity. That day of reckoning was postponed, but now, after a 30-year hiatus, at least a mild bout of stagflation has returned, and matters could get much worse. We are back to the future, with the question we asked 30 years ago: How can we combine robust economic growth with tight global supplies of such critical commodities as energy, food, and water? It's worth comparing the earlier episode of stagflation with our current travails to help us find our way. In fact, this time the resource constraints will prove even harder to overcome than in the last round, since the world economy is much larger and the constraints are much tighter than
A House of Representatives committee has subpoenaed Vice President Dick Cheney's chief of staff as part of its investigation into the treatment of suspected terrorists, the White House confirmed Tuesday.
Vice President Dick Cheney said Sunday it will take "painful concessions" from both Israelis and Palestinians to achieve the Bush administration's vision of a Palestinian nation alongside Israel.
Vice President Dick Cheney arrived Saturday night in Israel, where he pledged America's "enduring and unshakable" commitment to the security of the Jewish state as it approaches its 60th anniversary.
High oil prices paining U.S. consumers is a key topic of Vice President Dick Cheney's talks Friday with Saudi King Abdullah
Vice President Dick Cheney made a brief visit Thursday to Kabul, praising ties with the Afghan government and expressing hope that the NATO-led effort to confront the Taliban will be expanded.
Vice President Dick Cheney told reporters Monday in Baghdad that the five years in Iraq since the war's start has been "well worth the effort."
Washington warns that skyrocketing prices threaten a global recession that will hurt oil producers, but their capacity to boost supply to meet rising demand may be limited
Vice President Dick Cheney will travel to the Middle East next week, including stops in Israel and the Palestinian territories, his office said Monday.
Vice President Dick Cheney went back to his normal work schedule Tuesday, a day after doctors used an electrical current to correct an irregular heartbeat, his spokesman said.
President Bush's economic legacy is emerging as a central debate point in the 2008 presidential campaign. But it's important to remember that this is also Dick Cheney's legacy - the fact is, the Vice President plays a surprisingly major role in shaping the administration's economic policy.
You might imagine that Dick Cheney, a well-known worrier, would be thinking dark thoughts about the economy.
Vice President Dick Cheney Tuesday dismissed congressional investigations into the firings of nine U.S. attorneys as "a bit of a witch hunt."
The Vice President is fighting another call to turn over secret material -- a reminder that he still plays by his own rules
Vice President Dick Cheney's office refused to cooperate with an agency that oversees classified documents, then tried to abolish the office when it challenged the actions, House oversight committee Chairman Henry Waxman said.
The vice-president goes to court to keep his list of visitors a secret
My ears perked up when I heard one particular detail about Vice President Cheney's unannounced trip to Baghdad on Tuesday.
Vice President Dick Cheney said Wednesday that he believes there's a "greater sense of urgency" among Iraqis to make progress on all fronts in the war-wracked nation.
Vice President Dick Cheney on Monday blasted "self-appointed strategists" on Capitol Hill for trying to force the withdrawal of U.S. troops from Iraq, declaring the U.S. military answers to the president, not Congress.
Vice President Dick Cheney offered a sharp rebuke to congressional Democrats on Monday, warning that a drawdown of forces in Iraq would invite more attacks on the United States.
Doctors found a blood clot in Vice President Dick Cheney's left leg Monday, Cheney's office said.
Stocks plunged early Tuesday as investors eyed reports of slumping stocks in China and Europe and news that Vice President Dick Cheney was the target in a Taliban suicide bombing attack in Afghanistan.
A major selloff in Chinese stocks, an attack at an U.S. military base in Afghanistan that Vice President Dick Cheney and concern about the U.S. economy were set to plague Wall Street at Tuesday's open.
Vice President Dick Cheney on Wednesday dismissed as "hogwash" the suggestion that blunders may have hurt the administration's credibility on Iraq.
Vice President Dick Cheney is on his way back to Washington after a daylong whirlwind meeting with Saudi Arabian King Abdullah.
Vice President Dick Cheney will spend Election Day hunting in South Dakota, his press secretary said Sunday.
Lynne Cheney is deflecting talk of the sexual content in her novel "Sisters," a 25-year-old book that resurfaced in a campaign Friday and is stirring up controversy.
Vice President Dick Cheney sat down Thursday morning with CNN's John King.
Withdrawing American troops from Iraq would embolden terrorists and leave the United States and its allies vulnerable to new attacks, Vice President Dick Cheney said Thursday.
The Republican chairman of a Senate committee said Sunday he is prepared to call telephone company officials to testify about a domestic wiretapping program if he doesn't get cooperation in talks with the Bush administration.
Notes that Vice President Dick Cheney wrote on a newspaper article might help explain a motive in the perjury and obstruction case of Cheney's former chief of staff, I. Lewis "Scooter" Libby, according to documents filed by the prosecutor in the case.
Harry Whittington said Friday he was sorry for what Dick Cheney and his family have "had to go through" after the vice president shot him in a weekend hunting accident.
President Bush and local authorities said Thursday they are satisfied with Vice President Dick Cheney's account of how he accidentally shot a 78-year-old hunting companion over the weekend.
Vice President Dick Cheney said Wednesday that an executive order gives him the authority to declassify secret documents, but he would not say whether he authorized an indicted former aide to release classified information.
The following is a transcript released by Vice President Dick Cheney's office of his interview by Fox News' Brit Hume conducted Wednesday. It was Cheney's first public comment since accidentally shooting and wounding a friend during a hunting trip on Sunday.
Vice President Dick Cheney took responsibility Wednesday for shooting a friend during a weekend hunting trip but dismissed criticism he waited too long to disclose the incident publicly.
If the vice president shot a man in the forest, would we hear about it?
The fellow hunter who was shot and wounded by Vice President Dick Cheney has suffered a minor heart attack after a piece of birdshot migrated to his heart, a hospital spokesman said Tuesday.
The White House is defending its delay in disclosing Vice President Dick Cheney's weekend hunting accident, telling reporters Monday the focus was on making sure the man Cheney shot got medical attention.
Vice President Dick Cheney accidentally shot and wounded a campaign contributor during a weekend quail hunt on a friend's South Texas ranch, local authorities and the vice president's office said Sunday.
Vice President Dick Cheney was hospitalized for several hours early Monday at George Washington University Hospital after suffering shortness of breath, the White House said.
In a robust defense of the nation's post-9/11 domestic eavesdropping program, Vice President Dick Cheney on Wednesday said the tool is "critical" for U.S. national security.
Vice President Dick Cheney cut short his trip to earthquake-ravaged Pakistan his aides said Tuesday, to return to Washington to cast key votes in Congress.
Vice President Dick Cheney paid a surprise visit to Iraq on Sunday, meeting with U.S. and Iraqi officials and U.S. troops.
Vice President Dick Cheney continued the Bush administration's efforts Monday to pull back on attacks against a decorated war veteran who called for the near-term withdrawal of U.S. troops in Iraq.
A former top State Department official said Sunday that Vice President Dick Cheney provided the "philosophical guidance" and "flexibility" that led to the torture of detainees in U.S. facilities.
Former CIA chief Stansfield Turner lashed out at Dick Cheney on Thursday, calling him a "vice president for torture" that is out of touch with the American people.
Former CIA director Stansfield Turner has labeled Dick Cheney a "vice president for torture."
Vice President Dick Cheney on Wednesday lambasted Democrats accusing the Bush administration of misleading the country on prewar intelligence about Iraq, calling their allegations "one of the most dishonest and reprehensible charges ever aired in this city."
Vice President Dick Cheney named two of his top staffer members Monday to replace I. Lewis "Scooter" Libby, who resigned last week after being indicted in the CIA leak investigation.
Vice President Dick Cheney underwent surgery Saturday to remove aneurysms found on the back of both knees.
As key Senators in both parties push President Bush to name a "hurricane czar" to take charge of the Katrina aftermath, some Administration officials relish the notion of outsourcing their Category 5 headache.
Vice President Dick Cheney sat down with CNN's Wolf Blizter on Thursday. Wolf asked the vice president about the hunt for Osama bin Laden, the controversy over the detention center at Guantanamo Bay and the war on terror's impact on global opinion of the United States.
Just last month, Vice President Dick Cheney said the Iraqi insurgency was in its final throes. But the Pentagon now says the insurgency is as strong as it's ever been.
Vice President Dick Cheney on Thursday defended his recent comment that the Iraqi insurgency was in its "last throes," insisting that progress being made in setting up a new Iraqi government and establishing democracy there will indeed end the violence -- eventually.
The insurgency in Iraq is "in the last throes," Vice President Dick Cheney says, and he predicts that the fighting will end before the Bush administration leaves office.
Vice President Dick Cheney said Monday he was offended by Amnesty International's condemnation of the United States for what it called "serious human rights violations" at Guantanamo Bay.
Vice President Dick Cheney kicked off a White House conference on the economy Wednesday by saying it plans to take a close look at topics such as lawsuit abuse, affordable health care, the future of Social Security and the federal tax code.
Vice President Dick Cheney's history of heart problems started in 1978, when he suffered his first of four heart attacks at the age of 37.
Vice President Dick Cheney underwent tests at a hospital Saturday after experiencing shortness of breath, the White House said.
For someone who tries to stay in the background, Mary Cheney can't escape.
While Democrats seized on the Iraq Survey Group's report that Iraq had no weapons of mass destruction before the U.S. invasion, Vice President Dick Cheney on Thursday grabbed the report's findings that Saddam Hussein was "actively undermining" the U.N. oil-for-food program.
The spin-makers worked hard Wednesday to declare their respective candidates victors in the vice presidential debate, but snap polls after the forum indicated differing results.
Tuesday night's debate was a good one. Multifaceted, aggressive and full of one-liners -- the vice presidential debate pitted two deeply contrasting world views.
In their duel of wits and words, the two "seconds" in the race for the White House sometimes appeared more evenly matched than the two top-of-the-ticket contenders who debated last week.
The following is part three of a transcript of the debate between Vice President Dick Cheney and Sen. John Edwards held Tuesday night at Case Western Reserve University in Cleveland, Ohio. The questions from moderator Gwen Ifill of PBS were divided between foreign and domestic policy.
The following is a transcript of answers during the debate between Vice President Dick Cheney and Sen. John Edwards held Tuesday night at Case Western Reserve University in Cleveland, Ohio.
A November win by Democratic presidential candidate John Kerry would put the United States at risk of another "devastating" terrorist attack, Vice President Dick Cheney told supporters Tuesday.
You don't expect to find Vice President Dick Cheney eating at McDonald's.
The theme was opportunity, but most of the talk was on terror.
Having spent two days trying to reach undecided voters, Republicans on Wednesday night will focus on revving up the base.
Vice President Dick Cheney said Tuesday he believes the question of same-sex marriage is best handled by the states -- a position that puts him at odds with President Bush who proposed amending the Constitution to ban such unions.
Republicans played offense and defense Tuesday, with Vice President Dick Cheney leading the way in rebutting stinging criticisms made at the Democratic convention while continuing to deride Sen. John Kerry, President Bush's main challenger this fall.
It should not be overlooked that the guy with the busiest campaign schedule today is Dick Cheney, who barnstorms across Missouri and Ohio to talk about health care and remind folks that his own political health is doing just fine, thanks.
With all the economic uncertainty, it can be a struggle to keep your job. In fact, it can even be the political Play of the Week.
Disputing anew an assertion by the Bush administration, the independent commission investigating the terrorist attacks of September 11, 2001, released a statement Tuesday indicating that it stands by its conclusion that al Qaeda and Iraq had only limited connections.
Vice President Dick Cheney may or may not love the political fight, and depending on the day, opinions may sway on whether he's good at it. Either way, he's in it now.
Vice President Dick Cheney on Thursday declared "America is safer and the world is more secure" because of the antiterrorism policies of the Bush administration.
"Let us rid ourselves of the fiction that low oil prices are somehow good for the United States," argued Dick Cheney in 1986. At the time Cheney was advocating a tax on oil imports as a way to prot...
Vice President Dick Cheney has said he didn't regret cursing at Sen. Patrick Leahy earlier this week, and said he felt better after the incident.
Typically a break from partisan warfare, this year's Senate class photo turned smiles into snarls as Vice President Dick Cheney reportedly used profanity toward one senior Democrat, sources said.
Vice President Dick Cheney sharply criticized Democratic presidential contender John Kerry's economic platform Monday, warning that the Massachusetts senator's proposals would bring back the sluggish economy of the 1970s.
Vice President Dick Cheney said Thursday the evidence is "overwhelming" that al Qaeda had a relationship with Saddam Hussein's regime in Iraq, and he said media reports suggesting that the 9/11 commission has reached a contradictory conclusion were "irresponsible."
The tax cuts promoted by President Bush have created jobs and should be made permanent, Vice President Dick Cheney said Monday evening.
Vice President Dick Cheney has been interviewed by federal prosecutors investigating a leak that disclosed the identity of an undercover CIA operative, a Bush administration official told CNN.
Dick Cheney talks about John Kerry in Kansas City, Missouri, today, while Kerry talks about nuclear terrorism in West Palm Beach, Florida. (We have excerpts, from both!)
Both of Vice President Dick Cheney's daughters are active in the Bush-Cheney re-election campaign. Liz Cheney spoke Thursday with CNN anchor Judy Woodruff about the gender gap, Iraq and same-sex marriage. The following is an edited transcript.
Doctors gave Vice President Dick Cheney a clean bill of health Tuesday at his annual heart checkup and found that his pacemaker had detected no irregular heartbeat, a spokesman said.
Mr. Dooley -- the character created at the end of the 19th century by journalist Finley Peter Dunne -- once said, "The vice presidency is not a crime exactly. You can't be sent to jail for it. But it's kind of a disgrace. It's like writing anonymous letters.''
A group of students at Florida State University is demanding that FSU's president ask Vice President Dick Cheney not to attack Sen. John Kerry or make a "political diatribe" Saturday when he delivers the school's commencement address.
President Bush and Vice President Dick Cheney are scheduled to sit down with the 9/11 commission in the Oval Office Thursday morning, answering questions about a terrorist attack that has defined the Bush presidency.
Check out the links below to hot political stories around the country this morning.
Attorneys for two public interest groups argued Tuesday for the release of Vice President Dick Cheney's energy task force records, with the Bush administration calling it a case of "separation of powers."
Vice President Dick Cheney, who often serves as the administration's point man in attacking White House hopeful John Kerry, was the subject of a blistering critique by a key Democratic leader on Monday.
The Supreme Court will release audio tapes of its oral arguments to be broadcast immediately after their conclusion in three coming terrorism-related cases and in a separate appeal involving Vice President Cheney.
Vice President Dick Cheney criticized Sen. John Kerry on Monday as a fan of "higher taxes for virtually every income group," as the presumptive Democratic presidential nominee stumped for support in elector-rich California.
U.S. Supreme Court Justice Antonin Scalia refused Thursday to recuse himself from an upcoming case involving Vice President Dick Cheney, with whom he recently hunted and dined.
It's St. Patrick's Day. It's also the one-year anniversary of the day President Bush issued his final ultimatum to Saddam Hussein. In politics, both days will be feted, often at the same time.
George W. Bush's choice of Dick Cheney as his running mate defied the usual calculus of vice-presidential selection: a retired Cabinet Secretary from a state with just three electoral votes plus a charisma deficit didn't appear to equal a brilliant electoral strategy.
Chief Justice William Rehnquist Monday dismissed congressional calls for fellow Justice Antonin Scalia to recuse himself from Supreme Court consideration of a coming case involving Scalia's friend, Vice President Dick Cheney.
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