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Friday, July 22, 2011

Budget

News                                                                                                                             
National Journal | House Republicans, White House Discussing $3 Trillion Budget Deal
The White House and House Republican leaders are discussing a large deal to raise the debt ceiling that would include about $3 trillion in deficit cuts over 10 years, according to several congressional aides.
CNN Money | Debt ceiling: House GOP gets lowdown on fallout
More than 40 House Republicans on Thursday met with a top official from Standard & Poor's and representatives of other Wall Street groups to hear what could trigger a downgrade of the U.S. credit rating.

Econ Comments                                                                                                             
Washington Post | The Half-Trillion Plan
The debt ceiling looms. Confusion reigns. Schemes abound. We are deep in a hole with only three ways out: the McConnell Plan, the G6 Plan and the Half-Trillion Plan.
WSJ | Obama's Debt-Ceiling Scare Tactics
The Social Security 'coffers' are very far from running dry.
Washington Times | MILLER: Fiscal responsibility’s last stand
Conservative debt-reduction plan moves to the Senate.
WSJ | Out of the Way, Please, Mr. President
The Gang of Six puts forward some ideas worth pursuing.
Daily Caller | We must conquer our debt disease
There is no small amount of irony that Washington swelters in hell-like temperatures as leaders sweat out the devils in the details of the debt-ceiling deal.

Blogs                                                                                                                             
WSJ: Real Time Economics | Secondary Sources: Rent vs. Buy, Debt Thresholds, Gang of Six Plan
A roundup of economic news from around the Web.