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Tuesday, October 22, 2013

Budget

News                                                                                                                             
Bloomberg | Foreigners Sold U.S. Assets as China Reduces Treasuries
Foreign investors were net sellers of U.S. long-term portfolio assets in August as China reduced its holdings of Treasuries to a six-month low.

Econ Comments & Analysis                                                                                            
AEI | Demilitarize the debt ceiling
The debt limit has been raised. After weeks and weeks of open conflict, intense infighting, and yes, some passive-aggressive sitting around as well, the president and Congress have managed to avert U.S. default and reopen the federal government. The PandaCam is back! Plus, a global financial crisis has been averted or at least postponed, and all should be pleased.

Blogs                                                                                                                             
CBO | CBO's Next Monthly Budget Review Will Be Published Early in November
Because CBO largely shut down its operations during the recent lapse in appropriated funds, the agency will not issue its Monthly Budget Review in October. The next issue of that report will come out early in November and will discuss the budgetary results for fiscal year 2013.