B.A. Spending Daily

News Roundup | May 24, 2012

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

USA Today refigures federal deficit numbers accounting for future promised benefits and concludes the average American would have to give up an entire year’s salary to pay off the deficit.

President Obama discussed cuts to defense spending yesterday. The New York Times has the story.

Politico looks at back and forth among lawmakers on raising the debt ceiling and going ahead with the automatic spending cuts outlined in last year’s debt ceiling deal.

The Washington Post looks at one city climbing its way back from bankruptcy.

The New York TimesReuters and The Telegraph update readers on the debt crisis in Europe and Greece.

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