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Tuesday, December 18, 2012

Budget

News                                                                                                                             
Bloomberg | Boehner to Push Budget Bill While Continuing Talks
House Speaker John Boehner said he will push a budget “plan B” measure that will include tax increases on income of more than $1 million a year, while he continues to negotiate with President Barack Obama.
CNN Money | Debt ceiling a big question in fiscal cliff deal
With just two weeks to go before the end of the year, the fiscal cliff remains unresolved and the country's debt is just $63 billion shy of the $16.394 trillion legal borrowing limit.

Econ Comments & Analysis                                                                                            
Politico | Deficit solution must preserve the American dream
For families still struggling to get by, the holiday season is a time for hope that the coming year will bring new opportunities. While our economic recovery has seen significant progress, there is still much more to be done to get Americans back to work and expand our middle class.
WSJ | Face-Off: Two Views on the Deficit Debate
Two economists from opposite ends of the political spectrum offer their takes on how Congress should tackle the federal deficit.

Blogs                                                                                                                             
Neighborhood Effects | Maryland’s budget troubles continue into the New Year
Each year a committee made up of Maryland state legislators gets together to set a spending growth limit for Maryland’s general fund budget.
Washington Post | Making progress on a ‘fiscal cliff’ deal?
Maybe the White House and House Speaker John Boehner (R-Ohio) really are getting somewhere on the “fiscal cliff” deal.