B.A. Spending Daily

News Roundup | January 26, 2012

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

Politico reports that taxpayers are still owed more than $130 billion from the Wall Street bailout.

The Hill looks at Secretary of Defense Leon Panetta’s plan to cut spending. Voice of America has more. The Washington Times says Republicans are likely to oppose cutting defense spending.

Reuters says it’s unlikely President Obama’s tax policies will pass in an election year.

The New York Times says the Federal Reserve believes a full recovery of the U.S. economy is “years away.”

The New York TimesEconomix blog looks at who actually receives government assistance.

On the opinion pages: James Freeman says it’s clear the 2009 stimulus failed while Emily Miller looks at tax cheats who work for the federal government.

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