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Wednesday, August 29, 2012

Budget

News                                                                                                                             
WSJ | Portugal at Crossroads as Creditors Visit Lisbon
Officials from the European Union and the International Monetary Fund arrived in Lisbon Tuesday to assess the country's progress in implementing a €78 billion ($97.5 billion) bailout program, as signs emerge that tough austerity measures may be hurting the government's ability to meet budget deficit targets.

Econ Comments & Analysis                                                                                            
WSJ | Steer Clear of the Cliff
How to avoid imminent fiscal disaster and long-term decline.
Barron's | State of the States
Long considered the best issuers in the municipal bond market, states are under a lot of strain. Mounting pension shortfalls and high debt are upping the risk for state muni-bond investors.