News
WSJ | Europe at Odds Over Crisis Package
Prospects for a long-awaited breakthrough deal to stem the worsening euro-zone debt crisis were up in the air on Tuesday, as governments and banks remained at loggerheads over how much pain to inflict on holders of government bonds issued by Greece, the country at the heart of the Continent's financial mess.
NY Times | President to Ease Student Loan Burden for Low-Income Graduates
Most of the 450,000 low-income student-loan borrowers currently enrolled in income-based payment must pay 15 percent of their discretionary income for 25 years before having their debt forgiven, although terms are easier for those in public service.
National Journal | Toomey: Super Committee Making Progress, but 'Not There Yet'
With the super committee’s deadline to cut at least $1.2 trillion from the budget drawing ever closer, Sen. Pat Toomey, R-Pa., is “cautiously optimistic” that the group will soon reach a consensus.
Reports
CBO | Discretionary Spending
Discretionary outlays—the part of federal spending that lawmakers generally control through annual appropriation acts—totaled about $1.35 trillion in 2011, or close to 40 percent of federal outlays.
