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Wednesday, July 18, 2012

Budget

News                                                                                                                             
CNN Money | Bowles and Simpson: Still pushing boulder up the Hill
A new campaign launched Tuesday aims to create public support for lawmakers who have been too afraid to back a bipartisan debt-reduction plan.
Market Watch | State budget crisis seen lasting
Even if the U.S. economy rebounds from the meltdown of 2008, leading budget experts said Tuesday that the financial crises facing many states will continue indefinitely.
Politico | GOP fears shutdown showdown
Top congressional Republicans are plotting ways to avoid a government shutdown fight when the fiscal year ends Sept. 30, believing the partisan brinkmanship that defined last year’s budget battles would be devastating to their party heading into the November elections.

Econ Comments & Analysis                                                                                            
CNN Money | Fiscal cliff fight: Missing the big picture
Which is worse: Republicans' threat to not raise the debt ceiling without more spending cuts? Or Democrats' threat to go off the fiscal cliff unless taxes go up on the rich?

Blogs                                                                                                                             
National Review | You Can Raise Taxes, But You Still Have a Spending Problem
President Obama has repeatedly said he wants to let the Bush-era tax cuts for couples earning more than $250,000 a year ($200,000 for individuals) expire at the end of the year.