News
CNN Money | Democrats: No pay for lawmakers if U.S. defaults
Sens. Barbara Boxer and Bob Casey sent a letter to Treasury Secretary Tim Geithner on Tuesday, urging him to include lawmaker compensation in the list of things he will have to stop paying if Congress fails to raise the debt ceiling by Aug. 2.
Fox News | House panel votes to cut farm subsidies
A House committee voted Tuesday to cut farm subsidies to pay for deficit reduction and other budget priorities, chipping away at the billions of dollars a year that are directed to farmers.
NY Times | Pressing Obama, House Bars Rise for Debt Ceiling
Republicans brought up the measure, which was defeated 318 to 97, to show the lack of support in the House for raising the $14.3 trillion debt ceiling without concrete steps to rein in chronic budget deficits.
Roll Call | Economists Support Boehner on Spending Cuts and Debt Limit
The Ohio Republican released a letter signed by more than 150 economists who support his stance that any debt limit increase be attached to spending cuts that exceed it in size.
Econ Comments
Washington Times | BLANKLEY: Democratic response to deficit spending
Anger over profligacy spurs new political parties across Europe.
WSJ | A Smarter Debt Limit Strategy
Republicans are headed for another deal over phony spending cuts, while debt rises faster than GDP.
