B.A. Spending Daily
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Here’s a roundup of this morning’s must-read budget and economic stories:
The Hill reports the Federal Reserve chairman believes the U.S. is heading off a “fiscal cliff.”
Politico has the details of a meeting President Obama had yesterday with Congressional leaders. In a separate story, Politico looks at how legislative leaders and the President are trying to “make peace” this year.
Bloomberg reports China is holding fewer U.S. Treasury bills.
The Hill says Democrats are opposed to further cuts for federal workers.
The Washington Free Beacon says the Defense Department is defending cuts to military health care.
The Washington Post reports Federal Reserve Chairman Ben Bernanke is still very cautious about the future of the U.S. economy.
The New York Times looks at a California city on the brink of bankruptcy, and the decisions its leaders are making to climb out of its problems.