News
USA Today | USDA says it will close 259 offices to save $150M million
The U.S. Department of Agriculture will close 259 domestic offices, labs and other facilities as part of an effort to save $150 million per year, U.S. Agriculture Secretary Tom Vilsack announced Monday.
Washington Times | U.S. runs in the red for 39th straight month
The federal government ran a deficit in December, marking the 39th straight month in the red, according to preliminary estimates Monday by the Congressional Budget Office, continuing a streak that dates back to the last days of President George W. Bush and encompasses President Obama’s entire term.
WSJ | Greek Bailout in Peril
France, Germany Press Athens, Bondholders to Reduce Debt.
USA Today | Consumer borrowing surges in November
Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt.
Econ Comments
WSJ | Obama 'Retrenches'—America Retreats
Spending less on defense means squandering the money elsewhere.
Blogs
Heritage Foundation | VIDEO: The Reality of America’s National Debt
America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of spending and debt in the future. Spending on entitlements is the real driver of future debt.
Reports
CBO | Monthly Budget Review
Based on the Monthly Treasury Statement for November and the Daily Treasury Statements for December.
