News
Politico | Obama administration touts new deficit numbers
Administration officials reported on Wednesday that the deficit has fallen to half of what it was when President Barack Obama took office — touting the numbers as congressional budget negotiations begin amid Republican criticism of Democrats’ stewardship of the government’s finances.
National Journal | Budget Conference: A Committee of Two?
It's supposed to be a committee of 29 separate voices from the House and Senate. But the early signals from the inaugural meeting of the bipartisan House and Senate budget conference are that it may operate more like a committee of two: Rep. Paul Ryan and Sen. Patty Murray.
Econ Comments & Analysis
Washington Times | The cruelty of not cutting
Democrats insist that every dollar in the $3.8 trillion annual budget is precious and well spent — all waste has been eliminated by sequestration. “The cupboard is bare,” House Minority Leader Nancy Pelosi said recently on CNN’s “State of the Union.” “There’s no more cuts to make. … We cannot have cuts just for the sake of cuts.” Republicans and the facts suggest otherwise.
Blogs
WSJ | Asia’s Rising Debt Brings Back Memories of 2007
With debt levels rising across Asia in an era of easy money, many observers have asked if the region is facing a repeat of the 1997 Asian financial crisis.
