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Tuesday, October 2, 2012

Budget

News                                                                                                                             
CNN Money | Economists: Fiscal cliff a serious threat, but unlikely
Getting economists to agree on almost anything is tough. But on the subject of the fiscal cliff, a survey by CNNMoney found an almost unanimous consensus.
Market Watch | Euro crisis could turn on these key October dates
If you thought September was eventful, October offers plenty more opportunities for European officials to either soothe or aggravate the euro zone’s long-running debt crisis.

Econ Comments & Analysis                                                                                            
WSJ | Europe's Same Old Austerity
Remember all that euro-babble before the French election about fiscal "austerity" harming growth? Well, meet the new austerity, same as the old austerity, which means higher taxes on the private economy and token discipline for the state. Growth is an afterthought.
Washington Times | Uncle Sam’s fiscal year disaster
The government’s new fiscal year starts on October 1. This year marks the fourth consecutive time the deficit has surpassed $1 trillion. A fiscal year is to accountants what the calendar year is to the rest of us: a time to take stock of what we need to do better. Where Washington is concerned, it’s time for some New Year’s resolutions.