B.A. Spending Daily

News Roundup | May 4, 2011

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 Associated Press, The Hill, Politico, Reuters and The Wall Street Journal examine Senate Budget Chairman Kent Conrad’s (D-ND) emerging plan to cut the deficit by $4 trillion over 10 years.

The Washington Post looks at Senate Republicans’ economic plan, unveiled yesterday. The plan calls for unspecified spending cuts.

MarketWatch has an update on “Gang of Six” budget negotiations. Roll Call and The Washington Post say the group’s negotiations stalled yesterday.

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.


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