News
CNN Money | Greek debt talks drag on
Greece and its private sector creditors remain mired in deep negotiations over a deal to reduce the nation's crushing debt load.
USA Today | U.S. has trimmed private and public debt at a rapid pace
Cheer up, Americans. The U.S. may be awash in debt — both public and private — but it's been whittled down more rapidly than in every other large country, and the nation is much closer to returning to a healthy level that can spur faster economic growth, according to a study out Thursday.
Politico | Debt ceiling going up despite House vote
House Republicans blocked President Barack Obama’s request to raise the nation’s debt limit on Wednesday — a move they viewed as a condemnation of excessive government spending in Washington.
Econ Comments & Analysis
Washington Times | GHEI: Downgrade aftermath
Investors have been demanding bond yields significantly higher for French debt than for German or U.S. debt. Of more importance are the EFSF downgrade and the ongoing Greek crisis.
WSJ | Four Deficit Myths and a Frightening Fact
We don't have a generalized overspending problem. We have a humongous health-care problem.
Washington Times | McKINLEY: Financing failure: The state of bailouts
Overseers simply watch while institutions go up in flames.
Blogs
NRO: The Corner | Private vs. Public Defined-Benefit Pensions
As I have said before, ideally the cut should be offset with a reduction in Social Security benefits.
WSJ: Real Time Economics | St. Louis Fed Says CBO Doesn’t Forecast Deficits Well
Congress’s long history of underestimating future budget deficits suggests the current outlook for the nation’s finances may be even grimmer than many now expect.
