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Wednesday, January 11, 2012

Budget

News                                                                                                                             
CNN Money | Federal Reserve pays $77 billion to Treasury
The Federal Reserve announced Tuesday that it plans to pay the Treasury $76.9 billion, the bulk of the Fed's 2011 income after accounting for its own operating expenses.
CNN Money | Obama budget pick faces Capitol Hill challenge
With budget chief Jack Lew stepping up to be President Obama's new chief of staff, Washington is abuzz over who -- if anyone -- will be tapped as the president's new budget director.

Econ Comments & Analysis                                                                                            
Washington Times | MILLER: Putting out the debt fire
GOP candidates address America’s overspending.
Daily Finance | Will Budget Cuts Leave America Defenseless? Hardly
Reaction to President Obama's proposed cuts to national defense spending have run the gamut from panic to ... more panic.