B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
On Wednesday, the U.S. House voted to reduce regulations on small business. The Associated Press has the story.
According to The Associated Press, Bloomberg, Politico, and The Washington Post, on Monday a bipartisan group of 100 House members sent a letter to supercommittee members calling for them to cut the budget deficit by $4 trillion over the next 10 years.
The New York Times reports at least one lawmaker thinks the supercommittee could ask for an extension of its deadline.
The Associated Press says the federal government has charged 12 individuals with defrauding Medicare by $95 million.
According to the Joint Tax Committee, if all deductions were erased the corporate tax rate could be lowered to 28 percent. The Wall Street Journal has the story.
The New York Times and Reuters have the latest on the turmoil over the European Union’s bailout of Greece. According to Politico, at least one U.S. lawmaker believes problems in Greece could lead to a U.S. recession.