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Tuesday, October 18, 2011

Budget

News                                                                                                                             
Washington Times | Stocks slide as Germany cools hope for debt deal
On Monday, stocks had their worst drop in two weeks after German leaders cast doubt on how fast that process would be.
WSJ | Portugal Unveils Deep Cuts
Lisbon Aims to Hit Deficit Targets to Avoid Greece-Style Fate; Unions Call Protests.

Econ Comments                                                                                                             
WSJ | A New Spending Record
Washington had its best year ever in fiscal 2011.
Minyanville | What Will Consumers Do If Budget Deficit Deal Isn't Reached?
Americans have turned their backs on debt. But now it's Congress' job to pick up where consumer sentiment has left off and reduce our nation's obligations once and for all.

Blogs                                                                                                                             
Mercatus Center: Neighborhood Effects | Tightening Municipal Bankruptcy Laws
There have been 629 municipal bankruptcies in the US since 1937.