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Wednesday, July 25, 2012

Budget

News                                                                                                                             
Market Watch | Health-law costs dip, repeal adds deficit: studies
Adjustments to President Barack Obama’s health-care overhaul as a result of the recent Supreme Court ruling upholding the landmark law will result in some cost savings, and a proposed repeal of the legislation would add to the deficit.

Econ Comments & Analysis                                                                                            
Politico | New farm bill: Welfare in disguise
Lawmakers frequently claim they want to rein in spending. But the Senate’s recent failure to make any meaningful cuts to the farm bill speaks loudly to the contrary. Notably, 16 Senate Republicans — the purported party of smaller government — voted in favor of it.