B.A. Spending Daily

News Roundup | June 26, 2012

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

Bloomberg says members of Congress are looking at a plan that would delay automatic spending cuts, set to start taking effect in January 2013, to March 2013.

The Wall Street Journal asks what will happen to the billions of dollars already spent on implementing the 2010 health care law if the law is overturned.

National Journal says lawmakers are close to a deal on a bill that would stall student loan interest rate hikes.

Reuters has the latest on the city of Stockton, Calif., which is facing bankruptcy. Meanwhile, The New York Times looks at the type of debt that got Stockton in trouble.

Reuters also reports Moody’s has downgraded several Spanish banks.

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