News
Politico | House Republican leaders: Debt hike is the better fight
Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), Majority Whip Kevin McCarthy (R-Calif.) and their allies are instead privately urging rank and file to forgo a clash over government funding — and a possible government shutdown — and instead dig in against Obama and the Democratic Senate when the debt ceiling needs to be lifted sometime next month.
Econ Comments & Analysis
Freep | How Detroit went broke: The answers may surprise you - and don't blame Coleman Young
Detroit is broke, but it didn’t have to be. An in-depth Free Press analysis of the city’s financial history back to the 1950s shows that its elected officials and others charged with managing its finances repeatedly failed — or refused — to make the tough economic and political decisions that might have saved the city from financial ruin.
Washington Times | Budget blarney
President Obama is a master of fiscal discipline, or so he says. “Our deficits are falling at the fastest rate in 60 years,” he told an audience the other day at Knox College in Illinois. It is true that the federal deficit is on track to be the lowest since Mr. Obama took office, but there’s a catch.
