News
National Journal | A Look at Possible FY 2013 Budget Elements
As Republicans struggle to come to agreement on the topline of the GOP’s upcoming fiscal 2013 budget – with conservatives pushing for House Budget Chairman Paul Ryan, R-Wis., to limit spending to under the $1.047 trillion cap set by the Budget Control Act and appropriators warning that doing so could cause more trouble than it’s worth – the calculations involved in producing the budget have been thrown into high relief.
Politico | Big fears over U.S. foreign debt
Nearly three-quarters of Americans are “very concerned” with the amount of U.S. debt held by other countries, according to a new survey Friday.
National Journal | House GOP Divided on Size of Spending Cut in 2013 Budget
Conservatives are pushing for House Budget Committee Chairman Paul Ryan, R-Wis., to produce a fiscal 2013 budget that would cap spending below the $1.047 trillion topline set by the Budget Control Act in August, even as moderate Republicans warn that breaking that debt deal could jeopardize passage of a host of spending measures down the line.
WSJ | Greece Passes Key Debt Test
Just over 80% of Greece's private-sector creditors had agreed by a Thursday evening deadline to turn in their bonds for new ones with less than half the face value, touching off a massive debt swap that marks a seminal moment in Europe's long-frustrated efforts to rescue its most financially vulnerable nation.
Econ Comments & Analysis
Washington Times | Backbone in the budget season
You can always count on politicians to max out their credit line. Plans for 2013 already have Washington nearing the spending limit set last summer in the Budget Control Act.
