B.A. Spending Daily

News Roundup | June 1, 2012

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

According to The Associated Press,  today’s jobs numbers are lower than expected, causing the unemployment rate to rise to 8.2 percent.

Reuters reports the manager of the world’s largest bond fund believes the world’s debt crisis has brought the global economy to a “breaking point.”

The estimate for first quarter economic growth was revised downward on Thursday. The Wall Street Journal and The Washington Post have the details.

Bloomberg says the federal disability insurance program is “near collapse.”

According to Roll Call, appropriators had a “heated discussion” yesterday over how much House offices would be given to spend next year.

The Wall Street Journal looks at how the European debt and financial crisis is affecting multinational businesses.

According to The Washington Post, the European Central Bank president believes the Eurozone’s current structure is “unsustainable.” The New York Times says U.S. leaders are stepping up pressure on Europe to solve its problems.

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