News
Bloomberg | Greek Debt Talks Risk Derailing EU Summit
EU chiefs arrived in Brussels today to put the finishing touches on a German-led deficit-control treaty and to endorse the statutes of a 500 billion-euro ($656 billion) rescue fund to be set up this year.
Washington Times | Retiring later a tough sell in cutting deficit
The Congressional Budget Office recently found that gradually raising the retirement age by just three years for seniors to collect Social Security and Medicare benefits would go a long way toward curing the looming shortfalls in those programs
WSJ | Portuguese Borrowing Costs Hit New Record
Borrowing costs for Portugal pushed to euro-era highs for the second consecutive day Friday, while the cost of insuring that debt also hit fresh records, as market participants increasingly considered what a Greek restructuring deal could mean for those holding Portuguese debt.
Blogs
Neighborhood Effects | New Education Funding in Illinois Goes to Pensions
According to the state’s numbers, Illinois’s unfunded pension liabilities amount to roughly $85 billion but as Eileen Norcross and I have argued, the amount is actually closer to $173 billion.
