News
Politico | Dual Senate sequester votes expected to fail
Washington’s Great Sequester pregame show ends in the Senate on Thursday with Republicans still divided over how to disarm the doomsday budget machine they built in the previous Congress with Democrats and President Barack Obama.
CNBC | Type the Title You Want People to See
Type the sentence(s) summarizing the link here.
WSJ | Student-Loan Delinquencies Among the Young Soar
The number of young borrowers who have fallen behind on their student loan payments has soared over the past four years, the Federal Reserve Bank of New York said in a report released Thursday.
Econ Comments & Analysis
WSJ | How the GOP Can Call the President's Bluff
The $85 billion in spending that will eventually be cut after the sequester kicks in amounts to around two cents on the dollar in the overall federal budget. That hasn't kept Mr. Obama and his team from trying to scare the bejesus out of Americans about the spending reductions.
Washington Times | Obama cries robbery but it’s only about 2 cents
Like the little boy who cried wolf, the White House has decided that if there isn’t a crisis, you can create one and take advantage of it. That sums up President Obama’s approach to the looming sequestration.
NY Times | Our Debt, Ourselves
The significance of America’s national debt is a serious question, but you would not know this from the current political rhetoric, which consists mostly of vague apocalyptic warnings. I want to present a calmer view, by emphasizing six facts about the debt that many Americans may not be aware of.
CBO | Automatic Reductions in Government Spending -- aka Sequestration
In fiscal year 2013, by CBO’s estimates, federal revenues will rise and outlays will decline as shares of gross domestic product (GDP), resulting in a federal budget deficit equal to about 5.3 percent of GDP (compared with 7.0 percent last year).
Blogs
WSJ | Deficits Expected to Grow Among Developed Countries in 2013
Developed countries will continue to face the threat of debt downgrades in 2013 as deficits increase in the sluggish global economy, the OECD said Wednesday.
