News
CNN Money | Congress faces funding deadline. Again.
Facing another deadline to fund the government, Congress is once again coming down to the wire.
WSJ | Deficit Stalemate Signs Rise
One week before Congress's deficit-cutting supercommittee hits its deadline, and with signs of stalemate increasing, lawmakers Wednesday grappled with the consequences of possible failure.
Econ Comments
Cato Institute | Beware the Balanced Approach
In the end, the only thing that will actually kill the beast is killing the beast. That means actually cutting spending.
WSJ | The Balanced-Budget Backfire
Instead, House Speaker John Boehner plans to offer a vanilla amendment that merely calls for a balanced budget, with no spending limitation or supermajority tax requirements.
Politico | For fiscal sanity: Tea party budget
With less than a week before the supercommittee is to send its deficit-cutting recommendations to Congress, Americans are getting a crash course in Washington sausage-making.
Washington Post | Spending’s ascending — with or without a budget sequester
Without the sequester, spending will increase $1.7 trillion; with the sequester, spending will increase $1.6 trillion.
Blogs
EconLog | One Scenario for Sovereign Debt
Of course, the IMF does not exist separately from its members. Some countries will have to supply this $2 trillion.
