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Thursday, December 19, 2013

Budget

News                                                                                                                             
Politico | Senate passes budget deal
With little suspense but still a bit of drama, the Senate passed a bipartisan budget deal Wednesday that will help Washington return to some fiscal normalcy after years of gridlock.
CNN Money | What the next debt ceiling fight will look like
House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell said this week that Republicans will demand something in exchange for an increase in the debt ceiling early next year.

Econ Comments & Analysis                                                                                            
Washington Times | Republicans cave on budget and principle of cutting runaway spending
The conservative wing in Congress, backed by like-minded outside groups, hate to stand by while a federal budget is enacted that increases spending and adds to the $17 trillion debt dragging down our economy.