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Thursday, June 21, 2012

Budget

News                                                                                                                             
National Journal | Where Is Congress With Appropriations?
Both the House and the Senate appropriations committees are off to strong starts in the appropriations process for fiscal 2013. Will both chambers pass all 12 major bills before the end of the current fiscal year on Sept. 30? Probably not.

Econ Comments & Analysis                                                                                            
CRS | Credit Union Commercial Business Lending: Key Issues for Legislation in the 112th Congress
Credit unions currently can make loans only to their members, to other credit unions, and to credit union organizations. In addition, there are restrictions in law on their business lending activities from which the credit union industry has long advocated for relief.
CBO | Status of Discretionary Appropriations: FY 2013 House
Estimates of discretionary budget authority and outlays for fiscal year 2013.
CATO | Austerity Works
As Greece, and now Spain and Italy, struggle with the crushing burden of debt brought on by the modern welfare state, perhaps we should shift our gaze some 1,200 miles north to see how austerity can actually work.