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Wednesday, January 18, 2012

Budget

News                                                                                                                             
WSJ | U.S. Acts to Stay Below Debt Limit
The U.S. government curtailed its investment in a federal retirement fund Tuesday as it looks to stay under the legal debt limit while awaiting a congressional vote on raising the federal spending ceiling.
WSJ | Greece Talks to Resume, Issues Remain
Greece's government is set to resume talks with its private creditors late Wednesday over a plan to restructure the country's debt as it scrambles to secure a deal demanded by its European partners for a new bailout package.

Econ Comments & Analysis                                                                                            
RCM | Congress' Pension Math Doesn't Add Up
In few areas where public and private interests meet is the accounting as obscure, rigged and unrealistic as in the world of traditional defined benefit pensions, both public and private.

Blogs                                                                                                                             
NRO: The Corner | The President’s Big Boost to Corporate Welfare
After all, we are talking about $300 million over ten years, which is 0.0081 percent of the government’s 2012 budget of $3,700,000,000,000.
Hill: Floor Action Blog | House approves rule allowing Wednesday vote on debt ceiling resolution
The House Rules Committee on Tuesday evening approved a rule that will let the House vote Wednesday on a Republican resolution disapproving of President Obama's request to increase the debt ceiling by $1.2 trillion.
Heritage Foundation | In Europe, Reducing Spending Necessary, but Not Sufficient, to Restore Economic Freedom
If the 2012 edition of Heritage’s Index of Economic Freedom has bad news for the United States, the news for Europe is not much better.