B.A. Spending Daily

News Roundup | February 14, 2012

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

Bloomberg says lawmakers are girding for a fight over the budget deficit this election year.

President Obama came out with his fiscal year 2013 budget outline yesterday. CNN Money, Bloomberg, The Hill, The New York Times, Politico (here too), The Wall Street Journal, The Washington Post and The Washington Times have the details.

The New York Times has an infographic explaining the budget release.

According to The New York Times, the President’s budget wouldn’t have as much as it claims. Bloomberg says the President’s budget may overestimate economic growth rates.

The Hill and The Washington Post note Defense Secretary Leon Panetta will be up on Capitol Hill for the next three days to discuss potential cuts to defense spending.

The Hill, The New York Times, Politico, Roll Call and The Washington Post report Republicans have agreed to extend the payroll tax cut for a full year without looking for offsets.

Politico says one Republican senator is blocking debate on the $109 billion transportation reauthorization.

USA Today reports Moody’s has a “negative” outlook for France’s debt situation.

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