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Thursday, December 6, 2012

Budget

News                                                                                                                             
WSJ | White House Unyielding on Debt Limit
The White House hardened its position that Congress should raise the U.S.'s borrowing limit without preconditions, adding an unpredictable new element into the high-stakes budget talks.
Washington Times | Obama changes tune on tax rate
While he now demands that higher tax rates for the wealthy must be part of a “fiscal cliff” deal, President Obama took a very different line just over a year ago in the last major clash with Congress over a long-term budget deal.
WSJ | Plan to Limit Tax Breaks Gets a Push From Boehner
A cap on tax breaks designed by a former Reagan adviser is drawing attention after House Speaker John Boehner floated it as an option this week.
CNN Money | Perils of going over the cliff temporarily
What happens if Washington fails to avert the fiscal cliff before the end of the year?

Econ Comments & Analysis                                                                                            
Politico | Fiscal cliff deal: What we need
When is a fiscal deal different from a Grand Bargain?
Washington Times | EDITORIAL: The student debt explosion
Student loan debt jumped $42 billion last quarter, the New York Federal Reserve reported last week, bringing the total owed to about $1 trillion.