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Wednesday, June 26, 2013

Budget

News                                                                                                                             
Politico | House, Senate go in different directions on appropriations
With no budget talks under way, the Senate and House continue to roll out wildly different spending bills — highlighted this week by back-to-back markups of appropriations for energy, water, transportation and housing programs.
WSJ | Student-Loan Rates Appear Set to Double
Interest rates on some new federal student loans appear increasingly likely to double next week, according to senators who say their chamber remains divided over how to prevent the jump before the July 1 deadline.

Econ Comments & Analysis                                                                                            
Fortune | Sequester shmester? The worst is yet to come.
Just when you thought you'd heard enough about Congressional budget woes, federal employee furloughs -- the biggest spending cuts of the Sequester -- are due to kick in next week and will delay economic growth.

Blogs                                                                                                                             
Heritage Foundation | Cut Government Spending to Help the Economy? Majority Say Yes
Four years after the official end of the recession in June 2009, the economy is growing sluggishly. As The Wall Street Journal reports today, the economy lately has grown at about 2.2 percent annually—one-third slower than the 3.3 percent average rate in past decades.