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Wednesday, January 29, 2014

Budget

News                                                                                                                             
Politico | GOP ready to surrender on debt ceiling
The most senior figures in the House Republican Conference are privately acknowledging that they will almost certainly have to pass what’s called a clean debt ceiling increase in the next few months, abandoning the central fight that has defined their three-year majority.

Econ Comments & Analysis                                                                                            
Mercatus | Updated: High Levels of Government Spending Become the Status Quo
This week’s charts show the amount of real (2005) federal dollars spent per capita over the past 68 years with updated data. After adjusting for population and inflation, the data show that federal outlays have, with a few exceptions, grown at a staggering pace since 1948. 
CBO | Final Sequestration Report for Fiscal Year 2014
After the end of a session of Congress, CBO is required by law to issue a report that provides estimates of the caps on discretionary budget authority in effect for each fiscal year through 2021.