News
WSJ | Debt Talks' Impasse Masks Real Progress
First, Washington's long-term attitudes about spending and debt are slowly but surely changing. Second, as a result, a meaningful short-term deficit deal should be within reach.
CNN Money | California budget deal reached
The plan, cobbled together with Democratic legislative leaders, calls for a total of $14.6 billion in cuts. Much of the bloodletting was agreed to in March, but this week's deal would add at least $2.5 billion in additional reductions.
Econ Comments
Washington Times | MILLER: Permanent spending restraint
There has never been a better chance of passage, and securing ratification from at least 38 states next year would inevitably become the central issue of the 2012 election - no presidential signature is required.
Blogs
WSJ: Real Time Economics | Fed Official Warns of Too Much Debt for Consumers, Corporations
Overly leveraged U.S. consumers and financial firms expose the financial system to shocks, a top Federal Reserve official said Monday, urging changes to the tax code that would lower the incentives of piling on debt.
