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Thursday, August 1, 2013

Budget

News                                                                                                                             
Politico | House passes student loan rate fix
A House vote Wednesday puts a decisive end to months of congressional wrangling over federal student loan interest rates.
CNN Money | Debt ceiling awaits Congress after summer break
On Wednesday, the Treasury Department said again that it can continue to pay the country's bills in full without breaching the legal limit on borrowing until sometime after Labor Day.
Bloomberg | Worst July Since 2003 Seen Paving Way for a Rebound: Muni Credit
The municipal market’s biggest July decline in a decade is leading investors such as Vanguard Group Inc. to bet history is on their side as they buy with yields close to a two-year high.

Blogs                                                                                                                             
Heritage Foundation | Why Is Washington Talking About a Government Shutdown?
It’s not even August, and Members of Congress are starting to buzz about the upcoming budget and debt ceiling fight—which likely won’t happen until later this fall. But the posturing has begun, and the media are happy to oblige.