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Thursday, February 9, 2012

Budget

News                                                                                                                             
CNN Money | Greece reaches deal on austerity
Greek leaders finally agreed to a series of austerity measures, the first step toward securing a €130 billion bailout that Greece so desperately needs.

Econ Comments & Analysis                                                                                            
Investors | The Burden Of Federal Rules: Our Other Trillion-Dollar Debt
During the State of the Union address, President Barack Obama ridiculed regulations like one designating spilled milk an "oil," and exclaimed, "In fact, I've approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his."
WSJ | No Budget, No Problem
The Senate last passed a budget 1,106 days ago—that would be almost three years—and now the White House is telling Democrats not to bother this year either. Harry Reid will be pleased, because last week the Majority Leader said he had no plans to do so.
Heritage Foundation | FY 2012 Spending Blows Through Cap, CBO Shows
As House appropriators begin hearings on fiscal year (FY) 2013 spending,[1] a second look at last week’s Congressional Budget Office report shows they already have exceeded their official Budget Control Act limits for the current year by a stunning $156 billion.