News
WSJ | Greek Debt Plan Relies on Rosy Outlook
A long-awaited deal cobbled together by euro-zone finance ministers early Tuesday gives Greece a rough outline for cutting its mountain of debt, but the plan threatens to be derailed if the country's economy doesn't emerge from recession in two years.
NY Times | Now Touring, the Debt Duo, Simpson-Bowles
Theirs is an improbable buddy act that is making for unlikely entertainment from campuses to corporations on a most serious subject: the federal debt. The proof of their appeal: some business groups pay them $40,000 each per appearance. Really. To discuss budgets and baselines.
WSJ | Democrats Harden Budget Positions
The White House and congressional Democrats hardened their budget positions on Tuesday and signaled they are prepared for partisan jockeying before any agreement to block impending spending cuts and tax increases can be reached with Republicans.
CNN Money | What is 'Fix the Debt?'
The election may be over. But there's a "Campaign to Fix the Debt" backed by millions of dollars that's well under way and gaining a voice in Washington.
Bloomberg | China’s U.S. Debt Buying Seen Limited, Former Adviser Says
China may limit its purchases of U.S. Treasuries because the central bank has reduced its buying of dollars at home, according to a Chinese academic who has served as a government adviser.
Blogs
Calculated Risk | Fed: Consumer Deleveraging Continued in Q3, Student Debt increases
In its latest Quarterly Report on Household Debt and Credit, the Federal Reserve Bank of New York announced that in the third quarter, non-real estate household debt jumped 2.3% to $2.7 trillion. The increase was due to a boost in student loans ($42 billion), auto loans ($18 billion) and credit card balances ($2 billion).
