B.A. Spending Daily

News Roundup | July 9, 2012

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

President Obama will announce today a plan to extend a portion of the 2001 and 2003 tax cuts for another year. The HillNational Journal, The New York Times and Politico have the story.

CNN reports the federal government has made more than $14 billion in incorrect unemployment benefit payments.

Meanwhile, according to The Hill, manufacturers blame uncertainty about tax and spending policy for their unwillingness to hire new employees.

The Associated Press looks at the 2010 health care law’s requirement that Americans prove they have health insurance. Meanwhile, Roll Call says the House will again vote on repeal of the law.

According to Politico, the House will also vote on several other contentious pieces of legislation in the coming weeks, including bills to provide regulatory relief.

The Hill and Politico examine how far apart lawmakers are on the farm bill.

On the opinion page: Paul Moreno looks at Congress’s power to tax and Robert Samuelson examines where U.S. economic policy went wrong.

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