News
Politico | GOP looks at big cuts for Labor, Education, HHS
House Republicans late Thursday began circulating new spending targets for appropriations bills for the coming year with Labor, Education and Health and Human Services facing a nearly 20 percent reduction on top of the cuts already made in the March 1 sequestration order.
CNN Money | Debt ceiling: Treasury soon to start juggling act
The debt ceiling clock is about to start running again. The U.S. Treasury on Friday will begin using "extraordinary measures" to keep the country from defaulting on its obligations.
Econ Comments & Analysis
Washington Post | The $642 billion excuse
Can we get real? For starters, $642 billion is serious money, and despite the modest improvements of the latest CBO report, the basic trends in federal finances remain the same. From 2014 to 2023, the government will spend $6 trillion more than it collects in taxes. The budget never comes close to balancing.
