News
WSJ | Fiscal Showdown Looms in Capitol
The White House and Democratic lawmakers, with less than two weeks left to avoid a government shutdown, are assembling a proposal for roughly $20 billion in additional spending cuts that could soon be offered to Republicans, according to people close to the budget talks.
National Journal | Short-Term Funding Measures Have Agency Budget Officials Finding Ways to Save
As Congress inches its way closer to a final deal—or a government shutdown—over 2011 spending, federal agencies have already been forced to make do with less and prepare for the worst.
Fox News | NY Gov, Lawmakers Agree to Tentative $133B Budget
Gov. Andrew Cuomo said a tentative $132.5 billion state budget deal he struck with legislative leaders Sunday was nothing less than historic for its spending cuts as well as its timeliness.
Econ Comments
NY Times | Mankiw: It’s 2026, and the Debt Is Due
The following is a presidential address to the nation — to be delivered in March 2026.
Politico | Stronger rules will rein in debt
President Barack Obama’s fight with Congress over government funding for the rest of this fiscal year is a distraction from much more important budget challenges...
Blogs
Heritage Foundation | Secret Earmarks Remain in Federal Budget
USA Today reported this week that billions in earmarks remain tucked into the funding measure that keeps the federal government running for the remainder of the fiscal year.
Reports
Cato Institute | Bankrupt: Entitlements and the Federal Budget
If one considers the unfunded liabilities of programs such as Medicare and Social Security, the true national debt could run as high as $119.5 trillion.
