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Tuesday, March 4, 2014

Budget

News                                                                                                                             
National Journal | Obama's Budget Blueprint Heads to the Hill
President Obama's proposed spending plan for fiscal 2015, to be unveiled Tuesday, will command much of the attention in Congress this week. Both the House and Senate Budget committees have set hearings for Wednesday to pore over its details.
Bloomberg | Obama Sends Congress $3.9 Trillion Budget to Boost Growth
President Barack Obama sent Congress a $3.9 trillion budget request with increased spending for employment, education and job-training programs to boost the economy, financed partly by trimming tax breaks for upper-income families and some businesses.
WSJ | Paul Ryan Faces Budget Challenge
Rep. Paul Ryan emerged as a leader within the Republican Party thanks to six budgets that laid out plans to rein in federal spending. But on his seventh, he faces an unusual hurdle: a deal with Democrats that he negotiated himself.

Econ Comments & Analysis                                                                                            
CBO | The Long-Run Effects of Federal Budget Deficits on National Saving and Private Domestic Investment: Working Paper 2014-02
CBO’s analyses of the long-term effects of changes in federal fiscal policy include the effects of changes in federal budget deficits on aggregate output and income.

Blogs                                                                                                                             
Heritage Foundation | Why Obama's Budget Should Be Dead On Arrival
Barack Obama keeps saying that there isn’t a government program for every problem, but his new near-$4 trillion 2015 budget suggests just the opposite. There is more federal money here for everything from changing the planet’s temperature to green energy to transit systems to nowhere to expanded welfare state programs to federal day care.