News
Politico | Pfeiffer, McConnell forecast battle over debt ceiling
In back-to-back interviews Sunday, White House Senior Adviser Dan Pfeiffer and Senate Minority leader Mitch McConnell took opposite positions on what Congress should do as the nation approaches the upcoming debt ceiling.
Bloomberg | Treasuries Fall Before Fed Meeting, $111 Billion Debt Auctions
Treasuries fell, pushing the 10-year yield up from almost a two-month low, before the Federal Reserve begins a two-day meeting tomorrow and the U.S. sells $111 billion of notes and floating-rate debt this week.
WSJ | States Weigh New Plans for Revenue Windfalls
Governors across the U.S. are proposing tax cuts, increases in school spending and college-tuition freezes as growing revenue and mounting surpluses have states putting the recession behind them.
Econ Comments & Analysis
Real Clear Markets | Chronic Spending That Can't Be Ignored Forever
When Congress passed its omnibus spending bill, many in Washington breathed a collective sigh of relief. With the government funded, chances for a government shutdown or budget showdown have been minimized.
Mercatus | America’s Crushing Fiscal Gap
The U.S. government has racked up $12 trillion in public debt, a figure equivalent to nearly three-quarters of gross domestic product. Yet that massive sum pales in comparison to the costs of the federal government's unpaid promises, mostly in the form of health care and retirement benefits for seniors.
