B.A. Spending Daily

News Roundup | May 8, 2012

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

MSNBC looks at the proposed growth of Medicare spending under President Obama and Rep. Paul Ryan’s separate budget plans.

According to The New York Times, President Obama will hand Congress an economic “to do” list later today.

The Hill reports Republicans are moving ahead with budget cuts. With one exception, it appears - The Washington Post says Republicans want to increase defense spending. Politico also says Republicans want to shield defense spending from cuts. Politico also looks at individual lawmakers’ defending home state military spending.

According to The Hill, negotiators working on the bill are pessimistic they will agree on a long-term plan to reauthorize highway spending.

The New York Times examines one city’s effort to cut spending.

The Washington Post says, with the new government in Greece, there is another chance the country won’t meet its deficit reduction targets and will be kicked off the Euro. The New York Times has more on Greece.

On the opinion pages: The Wall Street Journal says the House should vote against reauthorizing the Export-Import Bank while Ken Kamen takes a look at what Congress might get done in a lame duck session.

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