News
CNN Money | Deadline nears for higher student loan rates
It's crunch time for students who rely on subsidized government loans -- interest rates on them double to 6.8% on July 1.
Econ Comments & Analysis
WSJ | China's Credit Crunch
Over the past two weeks China's interbank lending rates have spiked, bond auctions have failed and one large bank briefly defaulted. The Shanghai stock market fell 5.3% Monday, on top of big losses last week. This is all evidence that China's leaders have decided to call time on one of the greatest credit expansions in history.
Washington Times | No reason for a victory lap over the debt
“After two years of harrowing confrontations in Washington,” begins a recent article in the Washington Post, “the national debt is no longer growing out of control and policymakers from President Barack Obama to House Speaker John Boehner, R-Ohio, have rushed to take credit.”
Mercatus | CBO Scoring of Farm Bills vs Actual Costs
Despite the recent defeat of the farm bill in the House, it is worth keeping in mind that when proposed in Congress, the 2013 farm bills cost nearly $1 trillion over ten years yet were touted by legislators as a way to save taxpayers money.
