Friday, September 12, 2014


Wall Street Journal | U.S. Deficit in August Narrows from a Year Earlier
The U.S. budget deficit narrowed in August from the same month a year ago as tax revenue increased and government spending slowed.

Wall Street Journal | Loan Forgiveness Isn’t the Best Use of Government Resources, Paper Says
A new paper says that government policies to fund mortgage debt reduction for underwater homeowners, while helpful, are a less efficient use of government resources than other types of mortgage relief, including refinancing.