News
WSJ | Gimmicks Could Help Rescue Deficit Talks
Experts Say Accounting Tricks Are Being Used Instead of Fundamental Policy Changes Needed for Long-Term Budget Fix.
CNN Money | Americans doubt super committee will succeed
Seventy-eight percent of people questioned in the survey say they think it is somewhat or very unlikely the committee will develop a plan to significantly reduce the federal budget deficit by Nov. 23, with just over one in five saying it is likely a majority of the panel's six Democrats and six Republicans will reach an agreement.
WSJ | Postal Service Logs Loss in Billions
The Postal Service said it lost $5.1 billion through Sept. 30 and that the loss would have hit $10.6 billion without recent legislation allowing it to delay a required annual $5.5 billion payment into a fund for future retiree health benefits.
Econ Comments
National Journal | QUICK TAKE: White House Announces $18 Billion Savings From Improper Payments
Executive efforts have saved $18 billion this year in wasteful spending by social programs. Federal agencies tracked down and brought back payments to wrongful beneficiaries of Medicaid, Medicare, Pell Grant and SNAP (formerly food stamps) programs—prying them, at times, from their cold dead fingers.
Washington Times | MILLER: Democrats split over balanced budget
Fiscal restraint amendment is a wedge issue in the House.
Blogs
NRO: The Corner | Final Thoughts on the Supercommittee
According to these stories, lawmakers have concerns about what the supercommittee will come up with if an agreement is reached, and fears about the spending cuts that may take place if the supercommittee fails. But these fears are misplaced.
