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Monday, December 2, 2013

Budget

News                                                                                                                             
National Journal | Countdown to Another Fiscal Fail
Lawmakers in both parties could face a dangerous political dilemma after they return to Washington: Either endorse a second round of damaging sequester cuts or prepare for another government shutdown.
CNN Money | Detroit bankruptcy ruling expected Tuesday
Unions and pension funds have argued that Detroit should be denied the protection of the court. They say that regardless of the city's financial troubles, officials did not negotiate with creditors in good faith to reach a deal on Detroit's debts. That is one of the conditions for a city to proceed in bankruptcy court.
CNBC | Playing with fire? Margin debt most since crisis
As investors feel emboldened by the seemingly unstoppable stock market rally, they're borrowing money at record levels to keep things going.

Econ Comments & Analysis                                                                                            
Politico | Shutdown prevention: Back-room talks start
A bipartisan group of senators may serve as a last-minute lifeline if the government faces another shutdown at the start of next year.