B.A. Spending Daily

News Roundup | June 27, 2012

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

The Associated Press explores the likely outcomes after the Supreme Court rules on the 2010 health care law. The ruling is expected tomorrow. The Washington Free Beacon says states may be left with many of the expenses the law imposed.

CNBC says its likely the U.S. will tumble over its coming “fiscal cliff.”

Bloomberg reports there is little appetite in Washington extending the payroll tax cut that has been in effect for the last two years.

Politico says Senate Majority Leader Harry Reid (D-NV) is committed to going forward with planned spending cuts.

According to The Washington Times, the 2009 stimulus bill gave about $1.4 billion to Americans who cheated on their taxes.

Senate leaders have reached a deal on how to pay for a bill to prevent student loan interest rates from rising. Lawmakers will change rules about part-time students and pensions to pay for the measure. The Hill, PoliticoRoll Call and The Washington Post have the story.

According to Bloomberg, Spain will start asking its citizens to pay for medications they previously received for free under their national health care system.

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