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Tuesday, October 25, 2011

Budget

News                                                                                                                             
Market Watch | Europe plan may fall short, U.S. experts worry
European leaders may fall short in their efforts to defuse the region’s debt crisis, and any failure is likely to have a major impact for the U.S. economy, according to expert testimony to a House subcommittee released Monday.

Blogs                                                                                                                             
NRO: The Corner | What a $1.2 Trillion Sequester Could Look Like
The CBO estimates that about 70 percent of mandatory spending would be exempt from sequestration, virtually all of it in non-defense mandatory spending, such as Social Security and Medicaid.