News
National Journal | House Approves Government Funding Through Nov. 18
In bipartisan fashion, the House on Tuesday voted 352 to 66 to adopt a measure that will keep government running for another six weeks and avert what, theoretically, could have been a midnight shutdown.
Washington Times | Greece has weeks left before bankruptcy
Greece has enough money to pay pensions, salaries and bondholders through mid-November, the finance minister said Tuesday, as global markets sank on worries that a messy default could bring down European banks and trigger another global recession.
Politico | Tax, entitlement deal still in play
The $1.2 trillion target can be broken down any number of ways, but one option would be a 3-1 split between 10-year spending reductions and new revenues.
Econ Comments
WSJ | Junking the Junk Mail Office
The United States Postal Service (USPS) lost $9 billion last year and is facing default if it doesn't soon make a $5.5 billion payment into its bloated retiree medical plan. This is a moment when bankruptcy can be a blessing.
Blogs
Mercatus Center: Neighborhood Effects | States’ budgets now in the hands of Supreme Court
At stake is whether or not patients and practitioners have the right to sue to enforce spending levels, or whether enforcement must be carried out through the federal government.
Reports
Mercatus Center | A Balanced Budget Amendment to the Constitution
Matthew Mitchell testified before the House Committee on the Judiciary about state governments' experiences with Balanced Budget Amendments.
