News
MarketWatch | China banks to stress-test gov’t debt, other risks
Chinese regulators have asked six major banks this week to submit new data on lending risks that place emphasis on their exposure to government-backed infrastructure projects and property-market lending, according to a report Friday in the state-run China Daily.
CNN Money | Texas budget cuts not as big as feared
Texas legislative leaders agreed Thursday to a budget that cuts $15 billion in spending over the next two years.
Econ Comments
Washington Post | The Chained CPI, an easy way to save money
GETTING THE DEBT under control will require some difficult choices, but not every step must be painful.
WSJ | Who's Winning the Budget War?
Republicans are forcing Democrats to acknowledge that voters want spending reform.
Blogs
Atlantic: McArdle | The Budget Needs to Leave Room for Emergencies
...Americans increasingly seem to think about the budget the way that chronic overspenders think about their purchases...
Reports
CRS | Sovereign Debt in Advanced Economies: Overview and Issues for Congress
Congress is currently debating proposals to reduce the federal debt. Multilaterally, Congress could urge the Administration to coordinate fiscal policies to avoid simultaneous austerity reforms that undermine the economic recovery.
