News
WSJ | Eurogroup Approves Second Greek Bailout
The euro-zone countries Wednesday finally signed-off on Greece's second bailout program, ending a protracted and dramatic negotiating process that started last July.
National Journal | CBO Projects $1.2 Trillion Deficit in 2012, as Payroll Deal Deepens Fiscal Gap
At $1.2 trillion, the federal deficit will be $93 billion larger than previously expected in fiscal year 2012, due almost entirely to the cost of a payroll tax cut , the Congressional Budget Office projected Tuesday in its March baseline update.
WSJ | Tougher Budget Policing Hits Hungary, Spain
European finance ministers agreed to suspend European Union funds destined for Hungary because of its failure to hit budget targets while, under pressure from other euro-zone governments, Spain agreed to deeper budget cuts than it had planned for this year.
Econ Comments & Analysis
CBO | Updated Budget Projections: Fiscal Years 2012 to 2022
In conjunction with its analysis of the President’s budget, which will be issued in a few days, CBO has updated the baseline budget projections that it released in January.
Real Clear Markets | Are Pensions Busting Local Government Budgets?
As Stockton, California inches toward the largest municipal bankruptcy since the Great Depression, many accusing fingers are pointing at public employee pensions.
Bloomberg | Stimulus Helped Grow Debt, Not Economy
Last week’s release of the February employment report set off the predictable partisan squabbling, with Democrats emphasizing the positive (227,000 new jobs) and Republicans the negative (the still-shrunken labor force and still-high unemployment rate).
