News
NY Times | Democrats Open Talks by Offering $6.5 Billion More in Cuts
...White House and Congressional Democrats on Thursday offered to trim an additional $6.5 billion from current spending, a figure far short of the Republican goal of cutting agency budgets by $61 billion.
CNN Money | Budget held hostage: Day 154
Thursday was the 154th day the federal government has operated without a budget.
The Economist | The stealth deficit commission
A group of senators breathes life back into the Bowles-Simpson budget report.
Econ Comments
Fiscal Times | The Federal Subsidy That Just Won’t Die: LIHEAP
Just a week ago, House Republicans pushed through a massive spending cut resolution that included a $400 million reduction in LIHEAP this year.
Washington Times | GREGOIRE & HEINEMAN: State bankruptcy is not the answer
Fortified fiscal restraint is the path to economic recovery.
Blogs
Cato@Liberty | Spending Still Increases with GOP Cuts
...both discretionary and total federal outlays (actual spending) would still be higher in fiscal 2011 versus fiscal 2010.
WSJ: Real Time Economics | Roubini Says Slow Growth May Mean Debt Restructuring
Advanced countries with high levels of debt will have to consider debt restructuring as anemic growth won’t enable them to tackle their liabilities, U.S. economist Nouriel Roubini said in Paris Friday.
Washington Post: 2chambers | House budget chairman Ryan: More stopgap spending measures possible
...it's possible that Congress will take up more stopgap government funding measures instead of a longer-term one when a resolution keeping the government running expires later this month.
WSJ: Real Time Economics | Tracking Public Pension Plans
For the 126 plans covered, the site pegs pension assets at nearly $2.7 trillion in 2009, compared to nearly $3.4 trillion in liabilities.
NRO: The Corner | The Debt-Ceiling Debate Continues
The main concern that people seem to have about not raising the debt ceiling is its impact on interest rates.
