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Thursday, January 31, 2013

Budget

News                                                                                                                             
National Journal | Senate to Vote on Debt Deal
The Democratic-controlled Senate is set to give final passage Thursday to a bill allowing the U.S. Treasury to keep borrowing money until May 19 and ward off the risk of default, putting off one battle as other fights loom with Republicans in upcoming weeks over automatic spending cuts and keeping the government operating.
WSJ | Treasury Posts Losses on TARP Auctions
The U.S. Treasury for the first time auctioned holdings in U.S. banks that had missed a series of dividend payments, allowing the government to close out financial-crisis era investments only at steep discounts.

Econ Comments & Analysis                                                                                            
Daily Caller | The spending sequester will grow the private economy
Today’s report of a 0.1 percent GDP decline for the fourth quarter came as a surprise to most forecasters. But it actually masks considerable strength in the private economy.
Politico | Most liberals still oppose benefit cuts
A broader look at liberal institutions and groups shows overwhelming opposition to many of the same “entitlement reforms” endorsed by these liberal and centrist think tanks featured in POLITICO.
Fortune | Fix the Debt isn't going anywhere
Even with the fiscal cliff in the rearview, Washington's CEO-backed anti-debt campaign still has the bandwith (and cash) to continue the crusade for a grand bargain on the budget.
LA Times | Kinsley: The debt debate
Wait. Stop. What are we arguing about? I hate to spoil the fun, but deficit hawks and deficit doves are actually in agreement about how this sucker should play out.

Blogs                                                                                                                             
Politico | A deficit hawk's courageous stand
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