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Thursday, May 23, 2013

Budget

News                                                                                                                             
Washington Times | Conservatives propose compromise of balanced budget, higher debt limit
Conservative Republicans said Wednesday that they will demand that Congress produce a budget that balances in 10 years in exchange for agreeing to raise the federal debt limit, and that House Speaker John A. Boehner promised as much during a GOP retreat this year.

Econ Comments & Analysis                                                                                            
Washington Times | Bernanke: Budget restraint holds back growth
The economy is growing moderately and employment has picked up recently, but growth continues to be held back by budget constraints, Federal Reserve Chairman Ben S. Bernanke testified Wednesday.
Mercatus | The Effect of Tax Increases and Spending Cuts on Economic Growth
Good morning, Chairman Murray, Ranking Member Sessions, and members of the committee. Thank you for the chance to discuss the effect of tax increases and spending cuts on economic growth. I appreciate the opportunity to testify today.