News
National Journal | It's Debt-Ceiling Madness Again. Why You Should Stay Calm (Sort Of)
The nation’s borrowing limit will be reached once again on May 19. Even though the Treasury Department can take so-called extraordinary measures to push the real deadline for default out to sometime this summer, it sounds an awful lot like 2011 when the country stood ready to default. But a feeling is growing among some economists and political experts that the markets won't be as jittery this time.
CNN Money | What's in Obama's budget
President Obama on Wednesday will propose a $3.77 trillion budget for 2014 that would cut deficits by $1.8 trillion over the next decade, according to senior administration officials.
National Journal | Obama's Budget Has Something for Everyone to Hate
By offering to raise taxes and cut entitlement spending at the same time, the new formal budget proposal from the Obama administration should sufficiently upset just about everyone who will have to vote on it.
CNN Money | Fitch warns on China debt
Fitch Ratings has issued a warning over excessive debt levels in China, arguing that a surge in credit and a reliance on murky lending practices have increased the chance of financial instability.
Econ Comments & Analysis
Politico | Obama budget likely to play same old song
Exciting as watching paint dry — that’s the usual assessment of a budget document. And Wednesday’s release of President Barack Obama’s budget promises to be as underwhelming as it is overdue. Will there be anything of interest at all?
Blogs
Heritage Foundation | Budgets in Comparison: Will President Obama’s Budget Save the American Dream?
When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow.
