News
WSJ | Spain Defies EU on Deficit
Spain Friday went back on its 2012 budget-reduction commitment to the European Union, highlighting the difficulties of the EU's efforts to tighten control over the finances of its member states.
CNN Money | Washington's $5 trillion interest bill
Interest rates on U.S. bonds may be ridiculously low, but that doesn't mean the country's future interest payments on the national debt will be.
Bloomberg | EU Leaders Must Get Past Debt Swap Before Turning Page
The European Union faces a first test in its attempt to turn the page on the two-year debt crisis when Greece’s private creditors decide this week whether to sign off on the biggest sovereign-debt restructuring in history.
Econ Comments & Analysis
CRS | Budget Process Reform: Proposals and Legislative Actions in 2012
This report identifies, tracks, and explains current budget process reform proposals reported from committee, or considered on the floor during 2012.
Blogs
CATO | Endless Spending
Urging Congress to spend more money on infrastucture, Rep. John Sarbanes (Big Government-Maryland) says, ”You’ve got to kind of get past this mentality that you can’t spend any money at all.”
Heritage Foundation | Chart of the Week: Obama Makes Defense the Lowest Budget Priority
President Obama’s budget proposes a sharp increase in entitlement spending and more outlays for domestic programs and interest on the national debt. Defense spending, meanwhile, takes a backseat to Obama’s other priorities.
