News
Politico | Government shutdown or compromise, new crisis looms
As Thursday night became Friday morning, 219 members of the House overcame 203 dissenters to to pass a continuing resolution that would keep the government funded until mid November, while offsetting disaster aid to the Federal Emergency Management Agency’s near-barren accounts.
Econ Comments
Washington Post | Obama’s flawed sense of fairness
His current proposal, by the reckoning of Keith Hennessey of the Hoover Institution, includes about $15 in net tax increases for every $1 in net spending reductions.
Blogs
Fox News | The Hitchhiker’s Guide to the Stopgap Spending Bill
Four points to remember about what unfolded early this morning in the House of Representatives and what it means for the stopgap spending bill, a potential government shutdown and FEMA.
NRO: The Corner | ‘Emergency’ Spending Must Be Offset
Yesterday, the House rejected a continuing resolution that would have provided $1 billion in fiscal 2011 money for the nation’s disaster-relief fund, offsetting that amount with a $1.5 billion spending cut.
