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Tuesday, May 24, 2011

Budget

News                                                                                                                             
CNN Money | Obama budget chief optimistic on debt deal
Jacob Lew, the director of the Office of Management and Budget, told the Economic Club in Washington that he's optimistic about getting a deal done within the group headed by Vice President Joe Biden.
Washington Times | U.S. stocks plunge on European debt worries
After three days of bad news about Europe’s debt crisis sent Asian and European markets down Monday, it was Wall Street’s turn.
National Journal | Economic Insiders Say 'Clean' Debt-Ceiling Vote Unlikely
...almost three-quarters of National Journal’s Economic Insiders thought a vote to raise the debt ceiling would take place within a week of August 2, the date the government would default, according to Treasury Department estimates.

Econ Comments                                                                                                             
Fortune | Shiller: Let's sell debt tied to GDP to fix the crisis
The economist and housing expert discusses his creative solution to the U.S. debt crisis, why the suburbs are dying, and why we shouldn't be afraid of financial crises.

Blogs                                                                                                                             
Bankrupting America | Just how much is $14.3 trillion?
We all know that Washington’s spending has dug the country into a massive hole. But for everyday Americans trying to live within their means on a much smaller scale, it’s difficult to understand the numbers (and the mindset).