News
Washington Times | $6B budget cut: A ‘limit’ for Democrats, a nick for Republicans
Taken together, the short- and long-term budget fights show how tough it will be for lawmakers to find common ground on the single biggest issue facing them over the next six months.
CNN Money | Budget battle: Neither side blinks
On Day 157 of operating without a full budget, and with 13 days to go before the latest short-term fix expires, lawmakers appear no closer to a deal to keep the government running.
Econ Comments
RCM | Government Shutdown? So What?
According to news reports, Team Obama and House Republicans are at least $50 billion apart in the budget negotiations for FY2011.
Blogs
Mercatus Center: Neighborhood Effects | Boise County, Idaho files for bankruptcy
In this case, the county is not struggling to pay its bondholders, but was found by a court to be in violation of a federal law.
Political Calculations | The New Obamamath
...$20 billion short of the actual amount of spending cuts it would take for the President to actually achieve a level of cuts "that meet congressional Republicans halfway."
Cato@Liberty | Republicans Are Right to Cut the IRS Budget
The President is resisting a GOP proposal to modestly trim the IRS's gargantuan $12.5 billion budget and his argument is that we should actually boost funding for the tax collection bureaucracy since that will mean more IRS agents squeezing more money out of more taxpayers.
