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Monday, July 16, 2012

Budget

News                                                                                                                             
CNN Money | IMF: Deal with fiscal cliff and debt ceiling soon
Hit the brakes on the fiscal cliff and hit the gas on raising the debt ceiling.
Market Watch | U.S. retail sales fall for third straight month
U.S. retail sales fell in June for the third straight month as consumers cut spending on most goods and services, reflecting a sharp slowdown in economic growth in the second quarter.
WSJ | Spaniards Feel Sting of Big Budget Cuts
Spaniards Feel Sting of Big Budget Cuts
USA Today | Students, families, seek ways to trim college costs
The skyrocketing cost of tuition and tough economic times are forcing American families to cut back on college spending.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Austerity Works: It's Time to Give It a Try
European Union finance ministers last week gave Spain permission to delay cutting some government spending and reducing its deficit, though many such as The Economist magazine fear that even the cuts that will be made go too far. A similar decision may soon have to be made for Greece.