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Tuesday, August 14, 2012

Budget

News                                                                                                                             
National Journal | Democrats Bolt Out of the Box To Define Ryan and His Budget
Rep. Paul Ryan is little known outside of Capitol Hill – offering  Democrats an opportunity to fill the vacuum with the most unflattering pictures possible of the new Republican vice presidential candidate with the famously stringent budget plan. The clamor has already begun.
Politico | Report: Auto bailout cost up $3.4B
The auto industry bailout’s price tag has jumped a whopping $3.4 billion more than what the Treasury Department had previously estimated, according to a report.
WSJ | Greece Completes Largest Debt Sale in Two Years
Greece completed its largest debt sale in two years Tuesday, ensuring that it will have the money to repay bonds held by the European Central Bank next week.

Econ Comments & Analysis                                                                                            
CRS | Major Fiscal Issues Before Congress in FY2013
This report provides a brief overview of the major tax and spending policy changes set to take effect under current law at the end of 2012 or early in 2013. Collectively, these policies have been referred to by some as the "fiscal cliff."