B.A. Spending Daily

News Roundup | July 2, 2012

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

Before leaving for the Fourth of July recess, Congress passed bills to extend authorization for highway programs and prevent student loan interest rates increases. The Associated Press and The Washington Post have the story.

The Hill and The Washington Post looks at how last week’s Supreme Court ruling on the 2010 health care law will affect Medicaid financing.

The Hill reports lawmakers may break up into working groups to try to design a plan to delay billions in automatic spending cuts, set to start taking effect in January.

According to The Hill, the Senate will vote on repeal of the 2010 health care law some time before the election.

The Wall Street Journal says consumer spending is likely to remain low.

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