News
Politico | Sequester cuts a time bomb for GOP?
Republicans open to letting billions in sequester cuts go through figure they can blame the president if the economy goes south.
CNBC | Obama Looks for 'Big Deal' on Spending Cuts and Taxes
President Barack Obama told fellow Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end the fiscal uncertainty over the deficit.
Econ Comments & Analysis
NY Times | Kick That Can
John Boehner, the speaker of the House, claims to be exasperated. “At some point, Washington has to deal with its spending problem,” he said Wednesday. “I’ve watched them kick this can down the road for 22 years since I’ve been here. I’ve had enough of it. It’s time to act.”
Mercatus | Ten Things the Latest CBO Report Tells Us About Federal Finances
Earlier this week the Congressional Budget Office (CBO) released its updated outlook for the federal budget. Here are ten lessons it teaches us about the troubled state of federal finances.
CBO | Monthly Budget Review
The federal budget deficit was $295 billion for the first four months of fiscal year 2013, $54 billion less than the shortfall recorded for the same period last year, CBO estimates. Without shifts in the timing of certain payments in both years, however, the deficit for the four-month period would have been about $84 billion lower this year than the amount in fiscal year 2012.
