B.A. Spending Daily

News Roundup | April 8, 2011

Here’s a roundup of this morning’s must-read budget and economic stories:

According to The New York Times there is still no deal on a long-term continuing resolution (CR). Bloomberg, The Hill, Politico, USA Today, The Wall Street Journal, and The Washington Post have more on negotiations.

According to the Congressional Budget Office the federal budget deficit for the first six months of 2011 is expected to be $830 billion.

On Thursday the House passed a CR that will keep the entire federal government funded through the end of next week. The bill provides funding for the Defense Department through the end of the fiscal year. Los Angeles Times, Politico and Roll Call have the details.

According to CBS and The Hill, President Obama has threatened to veto the House’s short-term CR. Roll Call says Senate Democrats may pass their own short-term CR.

The Wall Street Journal says federal lawmakers will continue to get paychecks during a shutdown. Politico says Sen. Joe Manchin (D-WV) will not accept his salary as long as the government is shut down.

Politico and The Wall Street Journal take a look at what a government shutdown would mean for federal workers. (According to Roll Call there is a proposal to make sure government workers don’t go unpaid.) CNBC looks at how it would affect Wall Street.

The Hill looks at a fiscal year 2012 budget alternative offered by the conservative Republican Study Committee.

On the opinion pages: Charles Krauthammer, David Brooks and Kimberly Strassel discuss the House Republicans’ fiscal year 2012 budget; CJ Maloney questions government economic statistics; and Brett Arends ask whether the U.S. is the next Portugal.

 

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