B.A. Spending Daily

News Roundup | January 16, 2012

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

On Friday, the S&P downgraded the debt ratings of nine European countries, including France and Italy. The New York Times, Politico, Reuters and The Wall Street Journal have the details. Bloomberg and The New York Times look at the likely reactions in the various countries.

The New York Times also looks at Greece’s ongoing debt problems. Bloomberg says negotiations over the country’s debt are at a “critical” point.

The New York Times and The Wall Street Journal have more details on the President’s plan to consolidate several commerce and trade agencies.

The Hill says it is unlikely that Congress will pass a reform of Fannie Mae and Freddie Mac this year. The Hill also writes that the Obama administration is likely to come out with a new plan to help distressed homeowners.

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