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Monday, June 3, 2013

Budget

News                                                                                                                             
CNN Money | Student loan mess: What's at stake?
On July 1, the interest rates on student loans subsidized by Uncle Sam will most likely double to 6.8%.

Econ Comments & Analysis                                                                                            
Fortune | Has Europe given up?
By saying it's officially OK to skirt debt ceilings, Europe is abandoning austerity and reigniting the risk of another sovereign debt crisis.
WSJ | Deficit Deal Even Less Likely
Shrinking near-term federal deficits, slowing health-care cost increases and partisan gridlock have all but wiped out the likelihood for a deal this year to reduce long-term U.S. deficits, perhaps delaying a compromise until after the 2014 midterm elections, White House officials and congressional lawmakers said.

Blogs                                                                                                                             
Library of Economics | California's Phony Budget Surplus
My personal finances are doing great. I have a "surplus." I saved $1,000 last month after paying all my expenses. Well, not all my expenses. I didn't pay my $1,500 monthly mortgage. But, hey, don't be picky.