B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
The Hill says Democrats will try to pass President Obama’s jobs package on a provision-by-provision basis. First up would be $35 billion in spending for the states. The Los Angeles Times says the President will be back on the road this week promoting his ideas.
The Wall Street Journal, The Washington Post, and The Washington Times reports the Department of Health and Human Services is shutting down a plan, mandated under the 2010 health care bill, to provide long-term care insurance to the sick and the elderly because it’s not clear the plan could pay for itself.
The Wall Street Journal takes a look at the deficit reduction recommendations submitted to the debt super committee.
According to The Washington Post, several key senators are on board with a plan to freeze federal pay.
Politico reports GOP presidential candidate Ron Paul will unveil $1 trillion in spending cuts today.
The Wall Street Journal says European leaders have until the end of the week to come up with a rescue plan to address its ongoing debt crisis.
On the opinion pages: formers Sens. Byron Dorgan (D-ND) and Judd Gregg (R-NH) say it’s time for Congress to cut the budget deficit; Amity Shlaes explores the public policies that enabled Steve Jobs’ success; and The Oklahoman looks at the effect of overregulation on farmers.