News
WSJ | Hints of Hope as Deficit Deadline Approaches
Despite sharp divisions within Congress's special deficit-cutting panel, members of both parties say its goal of trimming at least $1.2 trillion from federal deficits over 10 years remains within grasp, and President Barack Obama tried to provide an additional push Friday.
CNN: Money | Year-end budget busters: $600 billion on the line
Debt reduction may be consuming Capitol Hill these days, but lawmakers have a number of pricey budget decisions to make before the year's out.
Econ Comments
WSJ | Train to Neverland
California's railway gets more fantastic all the time.
Roll Call | Deficit Panel Faces Critical Week
With only 10 days left to craft a deficit reduction deal, the super committee is facing its now-or-never moment.
Washington Post | Before Solyndra, a long history of failed government energy projects
Solyndra, the solar-panel maker that received more than half a billion dollars in federal loans from the Obama administration only to go bankrupt this fall, isn’t the first dud for U.S. government officials trying to play venture capitalist in the energy industry.
Blogs
WSJ | Supercommittee Failure Could Throttle Holiday Spending
Consumers are starting to feel a bit more confident about the economy, according to the latest Thomson Reuters/University of Michigan consumer sentiment index out today. But a cloud forming over Washington threatens to darken the mood.
NRO: The Corner | I Thought the Supercommittee Was Supposed to Reduce the Deficit
Democrats on the supercommittee have proposed that the savings from the end of the wars in Iraq and Afghanistan be used to pay for a new stimulus package.
WSJ: Real Time Economics | Greenspan: Europe’s Debt Crisis Comes Down to North vs. South
The divergence between northern Europe’s powerhouse economies and the comparatively less competitive southern region is an “odd dilemma” that euro-zone leaders must confront, former Federal Reserve Chairman Alan Greenspan said Thursday.
Reports
CBO | Regulations From the Executive in Need of Scrutiny Act of 2011
H.R. 10 specifies special Congressional procedures and explicit timelines for enacting a joint resolution of approval for major rules. Under H.R. 10, if the Congress fails to enact a joint resolution of approval within 70 legislative (or session) days of receiving the major rule and accompanying report from a federal agency, the rule may not take effect.
