B.A. Spending Daily

News Roundup | May 7, 2012

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

The Hill says lawmakers will “return to deficit” battle when they reconvene today. The Washington Times reports Congress will also take up student loan legislation.

The Washington Times says budget cuts at the Department of Defense will come mostly from the military side, not the civilian side.

Politico thinks it’s likely lawmakers wouldn’t get much done in a year-end lame duck session while The Hill looks at prospects for Postal Service reform in the near term.

According to The Daily Caller, Americans can get free cell phones from the government. The program costs taxpayers $1 billion each year.

Fox Business looks at the true cost of hiring an employee and says Americans pay more in taxes than they spend on food and clothing.

On the opinion pages: Donald Luskin says the coming fiscal cliff could “crush” stocks.

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