B.A. Spending Daily

News Roundup | July 16, 2012

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

Bloomberg looks at what Congress has gotten done this year.

PoliticoRoll Call and The Washington Post say Democrats are inclined to leave dealing with tax increases and sequester spending cuts until after the November elections.

Meanwhile, according to McClatchy, the majority of Americans want Congress to extend all of the 2001 and 2003 tax cuts.

Bloomberg and the Los Angeles Times report the nation’s governors disagree over whether their states should accept the Medicaid expansion outlined in the 2010 health care law.

According to The Hill, almost half of all voters now say it is impossible for them to become wealthy.

The Hill says the U.S. Postal Service’s fiscal troubles are mounting as legislation to reform the system stalls in Congress.

On the opinion pages: Art Laffer and Ford Scudder say next year will be a tough year economically.

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