B.A. Spending Daily

News Roundup | November 16, 2012

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

Politico notes that, with just 45 days left until the country goes off the fiscal cliff, the Senate has left town.

The Associated Press, The Hill, Politico and United Press International have the latest on fiscal cliff negotiations, including how each side is handling the politics of the situation.

According to The Hill, the U.S. Postal Service was nearly $16 billion in deficit in FY 2012.

The senator most likely to take over the chamber’s budget committee is already saying the panel may not pass a budget next year. The Hill has the story.

The Wall Street Journal reports President Obama reiterated his preference to raise taxes on high-income earners at yesterday’s press conference. Politico says Republicans governors have signaled more openness to President Obama’s plan.

One reason governors might be softening: Pew says, for some, higher federal income taxes will automatically mean higher state income taxes.

According to National Journal (subscription required) Democrats are taking entitlement reform off the fiscal cliff negotiating table.

Bloomberg reports U.S. mayors are lobbying Congress not to cut spending.

The Associated Press says it appears most states will go foward with implementing the health care exchanges they are required to set up as a result of the 2010 health care law.

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