B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
According to the Congressional Budget Office, the federal deficit totaled $900 billion for the first nine months of the fiscal year.
CNBC says the effects of the fiscal cliff are already upon us.
Bloomberg, National Journal and Politico have more on the President’s plan to extend only a portion of the 2001 and 2003 tax cuts. Politico also says some members of the President’s own party disagree with his plan.
The Hill reports the House will begin a five-hour debate on repealing the 2010 health care bill today. Meanwhile, according to The Daily Caller, 83 percent of doctors have considered quitting because of the 2010 law.
According to Politico, the director of the Office of Management and Budget will testify on the effects of the automatic spending cuts set to take effect in January.
The Washington Post says Americans are still earning more than their parents’ did.
On the opinion pages: The Wall Street Journal says new federal accounting guidelines for local pension systems are not an improvement over old ones.