News
Washington Times | EU extends Spain’s deficit timeline by a year
The European Union worked towards stabilizing Spain‘s finances Tuesday as it backed up the blueprint for the country’s 100-billion-euro ($122.52 billion) bank bailout plan with plans to grant the country an extra year to cut its budget deficit.
WSJ | China Lifts Spending As Growth Weakens
China is ramping up state spending to counter its sharpest decline in growth since the financial crisis, further entrenching state-owned companies and dimming the hopes of some that China would use the slowdown to restructure its economy with market-oriented changes.
NY Times | States Face Tough Choices Even as Downturn Ends
As state governments begin to emerge from the long downturn, many are grappling with a difficult choice: should they restore some of the services and jobs they were forced to eliminate in the recession or cut taxes in the hopes of bolstering their local economies?
Econ Comments & Analysis
Market Watch | Four fiscal cliffs ahead, and a jobs war
Election wars are masking the fiscal cliff that America is destined to drop off in early 2013, warns the Congressional Budget Office. History tells us our politicians will slowly drive America off the fiscal cliff and into a mid-1930s-style sinkhole.
Blogs
FOX Business | Budget Insanity
In my syndicated column this week, I point out that even politicians who campaign on reducing government won't cut bad programs.
AEI | New farm bill likely to be a budget and trade disaster
Parents know how often children confuse their wants with their needs. A child may hunger for a glitzy new bike, but if she already has one in perfect working order there is no need for a new bike to get her to school: She just wants one. In the same vein, the chair and ranking member of the House Agriculture Committee have confused farmers’ wants with their needs.
