B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
The Atlantic examines the measures the Treasury Department may take to avoid reaching the statutory debt limit.
According to Politico, House Republicans don’t have enough votes to pass a debt limit increase unless it is combined with spending cuts.
The Washington Post reports the White House today will unveil a plan to sell off some federally owned property. The plan could save taxpayers as much as $15 billion.
The Washington Post looks at Senate Republicans’ economic plan, unveiled yesterday. The plan calls for unspecified spending cuts.
A bipartisan group of senators introduced a bill Tuesday that would end subsidies for ethanol. Reuters has the story.
Politico looks at the White House’s plan for corporate tax reform.
On the opinion page: Richard Rahn says the 2001 and 2003 tax cuts did not cause the budget deficit; P.J. O’Rourke suggests lawmakers raise taxes on … themselves; and Andrew Atkeson, William Simon and James Piereson look at troubles in state pension systems.