B.A. Spending Daily

News Roundup | March 29, 2012

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

The Associated Press reports President Obama will make remarks today on ending oil and gas subsidies.

According to Politico and The Wall Street Journal, the House yesterday voted down a budget plan that would have cut the deficit by $4 trillion by cutting spending and raising taxes. The outline was based on the work of the Simpson-Bowles commission.

The Associated Press and The Hill also report the House rejected a budget bill based on President Obama’s fiscal year 2013 budget.

Today the House is expected to pass Budget Committee Chairman Paul Ryan’s (R-WI) outline. The Hill have the details.

Bloomberg and The Hill reports the House is now going forward with a short-term 90-day reauthorization of federal transportation programs. Politico says uncertainty over whether Congress will pass the bill is worrying states.

Bloomberg looks at the debate over how to cut Medicare spending.

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