B.A. Spending Daily
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Here’s a roundup of this morning’s must-read budget and economic stories:
On Friday, the Senate rejected a House-passed continuing resolution (CR) that would keep the government funded through mid-November. According to The Hill, The New York Times, Politico, The Washington Post, and The Washington Times the House and Senate disagree on how to fund the disaster aid in the bill.
Reuters says lawmakers will resume the debate over the CR Monday.
The Associated Press reports, even if President Obama’s jobs plan passed, the unemployment rate could remain where it is for as much as three years.
On the opinion pages: Merrill Matthews has an idea for Social Security reform; Howard Cole and Lee Ohanian and Robert Samuelson look at how the U.S. climbed its way out of the Great Depression; and Sen. Susan Collins says the federal government should suspend issuing new regulations.