B.A. Spending Daily

News Roundup | December 20, 2011

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

Politico and The Hill report the House delayed a vote on the payroll tax cut extension passed by the Senate this past weekend.

According to USA Today, House Speaker John Boehner expects the payroll tax cut and unemployment benefits to be extended despite opposition in the House to the Senate passed version.

On the heels of Senators Pat Toomey (R-PA) and Claire McCaskill (D-MO) introducing a bipartisan plan to permanently ban earmarks, The Hill says Representatives Jeff Flake (R-AZ) and Jim Cooper (D-TN) have followed suit. Currently Congress is operating under a voluntary earmark moratorium.

A new Gallup poll shows underemployment, “a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work,” is little changed from this time last year. It is currently at a staggering 18.4 percent compared to 18.5 percent in mid-December of 2010.

The problems aren’t just confined to our borders. Reuters reports that while consumer confidence in England rose last month, it was still the second-lowest mark in seven years the survey has been conducted.

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