News
CNN Money | Student loan payback gets White House attention
The deadline for Congress to extend the low 3.2% interest rate on student loans is fast approaching. But the Obama administration, eager to make college debt a re-election issue, is looking for a way to lessen the burden on graduates.
WSJ | Spanish Yields Hit Euro-Era High
Spanish bond yields hit a euro-era high, fanning speculation that the country might need a bailout of its own, and Italian yields climbed amid fears that its highly indebted government, too, could run into trouble.
Econ Comments & Analysis
Investors | Huge U.S. Debt Mountain Threatens Future Prosperity
Ask anyone who owns a business what happens if you borrow and spend more than you take in as revenue.
CBO | Status of Discretionary Appropriations: FY 2013 Senate
Estimates of discretionary budget authority and outlays for fiscal year 2013.
Bloomberg | How Germans Botched the Spanish Bank Bailout
The instant response to the plan for supporting Spanish banks had been euphoric. Even as bond markets pushed the cost of Spanish public borrowing even higher, in effect declaring the country insolvent, politicians were still applauding themselves.
Blogs
The American | Unintended Spanish consequences
Europe’s desperate attempt this weekend to shore up the Spanish banking system with a €100 billion loan ahead of the all-important Greek parliamentary elections on Sunday, June 17 appears to have backfired. For rather than restoring investor confidence in Spain, it appears to have done the exact opposite.
