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Wednesday, July 17, 2013

Budget

News                                                                                                                             
Politico | Federal student loan debt tops $1 trillion
Federal student loan debt has topped $1 trillion, the Consumer Financial Protection Bureau will announce Wednesday, a milestone that will only intensify the debate in Congress over what to do about student loan interest rates.

Econ Comments & Analysis                                                                                            
CRS | The President's Budget Request: Overview and Timing of the Mid-Session Review
The Budget and Accounting Act of 1921 established for the first time the requirement that the President annually submit a budget proposal to Congress. Under current law (31 U.S.C. § 1105(a)), the President is required to submit this budget proposal to Congress on or after the first Monday in January, but no later than the first Monday in February.