B.A. Spending Daily

News Roundup | July 13, 2012

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

The federal deficit grew another $60 billion in June and is on pace to hit $1 trillion again this fiscal year. The Associated Press and Bloomberg have the story.

Politico reports the Senate voted down two small business tax bills yesterday.

According to The Hill, the House will vote next week on a bill that would require the White House detail what programs would be cut under the sequester. Meanwhile,Politico says the Senate will not vote on legislation to prevent the defense spending cuts that are to begin in January.

The GSA is apparently not the only government agency to spend lavishly on conferences. According to The Daily Caller, the National Institute of Standards and Technology may have spent $3 to $5 million on a junket to Disney World.

Politico says House Speaker John Boehner (R-OH) is not sure when his chamber will vote on the farm bill. In a separate story, the newspaper says the chamber may not vote at all on the bill.

Meanwhile, The Hill reports the House will vote the week of July 30 on an extension of all of the 2001 and 2003 tax cuts.

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