News
CNN Money | Treasury extends debt ceiling window to Aug. 2
In a letter to Congress, [Geithner] also said that he now estimates he can keep the country out of default until Aug. 2, three weeks later than he estimated last month.
Econ Comments
Reuters | Analysis: EU sharpens knives for zero-sum budget battle
The knives are out for the European Union's budget even before the bloc's executive presents its proposals in June for the next long-term financial plan, with anti-European populism on the rise in many countries.
Bloomberg | Chastity Belt Needed to Keep U.S. Budget Pure: Amity Shlaes
Gramm-Rudman or something like it. That’s the consoling phrase I keep hearing as lawmakers talk about implementing an automatic control on government spending in the style of the 1985 Gramm-Rudman plan.
Reason Foundation | Cutting the Debt Is Important to 96 Percent of Americans and 74 Percent Want a Government Spending Cap
As the federal government rapidly approaches the $14.3 trillion debt ceiling, 96 percent of Americans say it is important to reduce the national debt, according to a new Reason Foundation-Rupe poll.
Blogs
WSJ: Real Time Economics | U.S. to Take ‘Extraordinary’ Steps as It Nears Debt Ceiling
Further measures would follow May 16. Geithner said he would declare a debt issuance suspension period for the Civil Service Retirement and Disability Fund, which would permit the Treasury to redeem existing Treasurys and suspend issuing new ones.
