B.A. Spending Daily

News Roundup | May 31, 2012

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

Fox Business reports Federal Reserve Bank of New York President William Dudley has warned lawmakers they must deal with looming tax increases and spending cuts, or risk recession.

Politico says Congress is poised to pass a bill that will benefit one politically-connected bank.

According to The Hill, the President has issued his second veto threat on an appropriations bill.

Politico looks at lawmakers’ difficulties agreeing on a highway spending bill and a bill to reduce student loan interest rates.

Voters in Ireland are casting ballots today on a fiscal treaty that will set strict limits on debt. The Washington Post has the details. Meanwhile, according to The New York Times, European leaders have issued warnings about the fiscal situations in France and Spain.

On the opinion pages: Bryan R. Lawrence says voters deserve better information about Medicare’s finances.

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