B.A. Spending Daily

November 3, 2011

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.

Politico and The Washington Post report there are more than 100 criminal investigations concerning 2009 stimulus spending underway at the Department of Energy.

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, The Wall Street Journal and The Washington Post note the Federal Reserve has lowered its economic growth outlook.

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.

On the opinion pages: Louis Woodhill explains how to stimulate the economy without government spending and Eleanor Clift discusses the high stakes for the super committee.

Tags:, , , , , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *