News
WSJ | State Budgets Improve Slowly
Overall, state budgets are slated to rise 2.9% to $666.6 billion in the 2012 fiscal year, which started in July, according to a report to be released Tuesday by the National Governors Association and the National Association of State Budget Officers. That is the second consecutive annual increase but is still below the $687.3 billion states spent in 2008, their peak year.
Washington Times | White House: No U.S. bailout for Europe
The White House said Monday that U.S. taxpayers should not bear the burden of helping stabilize Europe’s economy, even as President Obama was hosting European Union leaders for a summit amid deepening concerns about the future of the euro.
WSJ | Budget Surplus 'Herculean' Task for Australia
The Australian government on Tuesday stuck to its goal of restoring its budget to surplus in the year starting July 1, slashing spending even as warnings on a European crisis mounted.
Econ Comments
CNN Money | Debt crisis must be solved in the open
With the United States moving rapidly toward a dangerous level of national debt, our elected officials must act to end the unsustainable path we're on.
Blogs
Calculated Risk | NY Fed Q3 Report on Household Debt and Credit
In general, the percent of delinquent debt is declining (there was a small increase in Q3), but what really stands out is the percent of debt 90+ days delinquent (Yellow, orange and red).
WSJ: Real Time Economics | Vital Signs: Savings Tick Up, Remain Low
The personal saving rate — the share of income left after spending and taxes — climbed to 3.5% in October from 3.3% in September.
