News
WSJ | Spain Is Reluctant to Make More Cuts
Spain's government is facing an autumn of angry street protests by a recession-weary public, even after telling its European partners that its next steps to overhaul the economy would avoid further cuts in public spending.
USA Today | Shrinking household debt is good sign for 2013 economy
Consumers' out-of-control debt loads helped spark the recession, but households are rapidly getting their balance sheets back into shape.
WSJ | Federal Budget Cuts Detailed
Automatic spending reductions set to begin in January would cut $109 billion from the federal budget through Sept. 30, 2013, including broad cuts to the military, food safety and U.S. embassy security, a new report from the White House said Friday.
Econ Comments & Analysis
Forbes | Get Ready For The Most Fiscally Destructive Lame Duck Presidency Ever
America rapidly approaches a precipice where previously negotiated budget gimmicks will cut $109 billion from federal spending come January. While statistically unaesthetic for calculating GDP, curtailing Washington’s footprint is financially necessary.
Market Watch | Spending cuts would be devastating: White House
Automatic spending cuts set to begin in January would have a “devastating” effect on both defense and domestic programs, the White House’s Office of Management and Budget said in a report on Friday.
