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Tuesday, March 20, 2012

Budget

News                                                                                                                             
CNN Money | House GOP budget chief aims at tax code
In a year when political stalemate is expected to block any real progress on fiscal reforms, House Republicans will take a swing at tax reform in their fiscal year 2013 budget proposal due out on Tuesday morning.
Bloomberg | Greece’s Third Bailout Seen in Debt With Junk Grade: Euro Credit
Greece’s bonds and credit ratings are factoring in a third bailout for the nation that analysts and investors say will require greater concessions from its international creditors.
Politico | House GOP set to move on debt package
Trying to get their mojo back, House Republicans hope to move quickly this spring with a $261 billion deficit-reduction package to forestall automatic spending cuts next January that would fall heavily on defense.
CNN Money | Taxpayers make $25 billion on mortgage sale
Treasury just scored a big win -- it got rid of one of its financial-crisis era portfolios of mortgage-backed securities and made a $25 billion profit, the department announced Monday.

Econ Comments & Analysis                                                                                            
WSJ | The GOP Budget and America's Future
And so Tuesday, House Republicans are introducing a new Path to Prosperity budget that builds on what we've achieved.
CRS | Fact Sheet: The FY2013 State and Foreign Operations Budget Request
On February 13, 2012, the Obama Administration submitted its FY2013 budget request, including $54.7 billion for State Department, Foreign Operations, and Related Appropriations.

Blogs                                                                                                                             
Keith Hennessey | President Obama’s proposed medium-term deficits
The business of Washington, DC is changing policy.  Almost everyone in Washington is trying either to change some element of policy or to prevent someone else’s changes.