News
Politico | Treasury: Debt ceiling deadline is real
The Treasury Department is swatting down reports that the deadline to raise the debt ceiling could be shifted from early August to the end of that month, saying that at most the drop-dead date to hike the limit might be only a few days later than initially expected.
National Journal | Where Are We With Appropriations?
...as anyone who works in Washington knows, having access to at least the formal documents legislators use in making appropriations decisions can be invaluable.
Market Watch | ‘Significant’ debt deal possible: White House
Top Senate Republican to meet Obama as tax disagreement lingers.
National Journal | Uncle Sam's International IOUs
Chinese investors are betting big on U.S. debt.
Politico | Bill Clinton: Stimulus wasn't big enough
“I think the stimulus did as well as it could have done — there just wasn’t enough of it,” Clinton told reporters on Tuesday.
Econ Comments
Politico | The courage to balance the budget
Yogi Berra once made the statement, “It’s déjà vu all over again.” I look at the current budget and debt limit debate and I can’t help but think he was right. It’s just like 1995 all over again, except this time the stakes are much higher.
Minyanville | Kass: Debt Is Suffocating Recovery
Despite clear signs from the housing market and from a plethora of numerous soft economic releases, consensus S&P estimates have not yet been adjusted lower. Nor have S&P year-end price targets budged.
Blogs
Mercatus Center: Neighborhood Effects | Illinois’ “Goldilocks” budget
This year Illinois’ budget is larger than last year even though the state anticipates a shortfall of over $9 billion.
Reports
Bankrupting America | Budget Briefing Book: Volume Three
Our three part Budget Briefing Book provides a rundown of all the facts you need when it comes to how the government spends your money and the subsequent effects.
