News
Washington Times | Obama seeks to leverage $1 trillion spending bill
President Barack Obama is pushing Senate Democrats to use a critical year-end spending bill as political leverage to gain Republican backing for his calls to extend payroll tax cuts and unemployment benefits due to expire at the end of the year.
WSJ | California Confronts More Cuts
The pre-approved cuts include eliminating $248 million in state money allocated for busing students and trimming $200 million from state universities and $100 million from home care for the elderly, Mr. Brown said.
National Journal | Tax Brinksmanship May Mean Another CR
With much of the government due to run out of money on Friday, Senate Majority Leader Harry Reid, D-Nev., is gambling he can force congressional Republicans to blink on year-end payroll-tax and appropriations bills.
Econ Comments
Washington Times | CARDENAS: Balanced budget amendment vote a turning point
Under our current pattern of spending, America’s debt increases by nearly $4 billion each day. That’s right - $4 billion - every single day.
Washington Times | LAMBRO: Earmarks - by a different name
Lawmakers disguise practice of steering federal funds to favored constituents.
Blogs
Cato Institute | How the Debt Crisis Will End
Of the 17 eurozone countries, only Finland and Luxembourg have been in compliance all 13 years. The three biggest eurozone countries, Germany, France and Italy, have been out of compliance more years than they have been in compliance.
