News
Washington Times | Debt panel’s inactivity stirs unease on Hill
As deadline looms, pressure mounting on supercommittee.
WSJ | G-20 Looks to Aid Italy
While Greece was consumed by political turmoil, leaders of the Group of 20 industrial and developing countries on Thursday were scrambling to insulate the next most vulnerable economy: Italy.
CNN Money | Obama budget aide doesn't see shutdown
White House budget director Jacob Lew said Thursday he's optimistic that Congress will avoid any more threats of federal shutdowns later this month over a 2012 budget.
Politico | Balanced budget amendment to be pushed by GOP
There are two options, which the House Republican Conference is mulling Friday morning in a closed meeting. One balanced budget amendment would cap federal spending at 20 percent of gross domestic product, while requiring a two-thirds supermajority for raising taxes.
Econ Comments
CNN Money | Debt committee pressure points
Republicans still appear resistant to taxes as a significant deficit-reduction measure. And Democrats remain resistant to any plan that lacks a meaningful tax component and threatens to upend the economic recovery.
National Journal | Why the ‘Go Big’ Letter Could Be a Big Deal
...the coalition of legislators at least open to an ambitious deal that includes both entitlement reductions and revenue increases—the brightest redlines for each party—may be larger than often assumed.
Blogs
Political Calculations | 180 Years of the U.S. National Debt Burden per Capita
In 1831, the National Debt Burden per Capita, or rather the ratio of the United States' national debt per capita and GDP, multiplied by 1 billion), dropped below a value of 3 for the first time in its history [1]. In 2011, the U.S.' National Debt Burden per Capita has risen above that level.
Reports
CBO | CBO's Use of Evidence in Analysis of Budget and Economic Policies
CBO Associate Director for Economic Analysis Jeffrey R. Kling's presentation at the Annual Fall Research Conference of the Association for Public Policy Analysis and Management.
