News
CNN Money | Is Obama a big spender?
Is President Obama a big spender who has blown up the national debt?
NY Times | Approving Billions in Cuts to Social Services, California Reaches a Budget Deal
Just 10 days before the start of the new fiscal year, Gov. Jerry Brown and the Democratic-controlled Legislature reached a budget deal on Thursday to close a nearly $16 billion budget gap. The agreement came after days of negotiations, with legislative leaders reluctant to make the cuts that Governor Brown said were urgently needed.
NY Times | Pentagon Gets Attention, but Planned Spending Cuts Range Far and Wide
It is no secret here that come January, barring Congressional action, huge spending cuts will hit the Pentagon. Congressional Republicans, President Obama’s secretary of defense and military contractors have taken pains to denounce the planned reductions, which were scheduled as part of the resolution to the debt-ceiling crisis of last year.
Econ Comments & Analysis
Fortune | 14 reasons to worry about Italy
There are many glaring risks about Italy's current debt situation and its dire growth outlook. But the biggest reason to worry about Italy is that it's too big to fail.
WSJ | A History of Money Funds
Opponents of reforming money-market funds need to make up their minds. Staying abreast of their contradictory arguments is harder than tracking which celebrities are dating a Kardashian.
