B.A. Spending Daily

News Roundup | February 13, 2012

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

The Wall Street Journal predicts the President’s budget will not call for big changes to entitlement programs.

Politico says the Republican Senate minority will offer President Obama’s budget for a vote on the floor since Democrats have indicated they will not.

The Hill and The Wall Street Journal say the President’s budget estimates the deficit will be $1.3 trillion this year. USA Today reports the President will likely fall short of his goal of cutting the deficit in half in four years.

USA Today reports states, cities and school districts cut their spending in 2011.

Politico reports negotiations to come up with a plan to extend the payroll tax cut over the weekend failed.

Over the weekend, the White House leaked information about the President’s fiscal year 2013 budget proposal (to be released later today). The Associated Press, Bloomberg,The Hill (here too)Los Angeles TimesPolitico (here too)ReutersThe Wall Street JournalThe Washington Post and The Washington Times all reported on the details.

The HillThe New York TimesPoliticoReutersRoll CallUSA TodayThe Washington Post report the White House chief of staff made appearances on several news shows Sunday to defend the president’s plan.

Bloomberg and The New York Times report Greece has passed another austerity package.

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