B.A. Spending Daily
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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 Times, Politico (here too), Reuters, The Wall Street Journal, The Washington Post and The Washington Times all reported on the details.
The Hill, The New York Times, Politico, Reuters, Roll Call, USA Today, The Washington Post report the White House chief of staff made appearances on several news shows Sunday to defend the president’s plan.