News
WSJ | White House Says Government May Help Firms Buffer Cost of Sequester
The White House on Friday signaled the federal government could help firms deal with litigation and other costs if they are forced to abruptly cancel contracts or lay off employees early next year because of congressionally mandated spending cuts.
Telegraph | Spain's rising debt costs eat up austerity gains
Premier Mariano Rajoy has frozen public pay in 2013 for the third year in a row. The agriculture ministry and culture expenses will be cut by 30pc and the defence bureacracy by 15pc. It comes on top of a €62bn squeeze already in the pipeline.
WSJ | Spain Expects a Wider Budget Gap
The Spanish government said the effort to clean up an ailing banking system will widen its budget gap and increase its debt load.
Blogs
Political Calculations | President Obama's Debt Achievement
How does President Obama's contribution to the national debt compare to those of other modern Presidents?
