B.A. Spending Daily

News Roundup | December 19, 2012

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

Reuters reports Fitch Ratings has said the fiscal cliff could cause the U.S. to lose its AAA credit rating.

House Speaker John Boehner (R-OH) announced he will try to pass a bill in the House this week that will extend some of the 2001 and 2003 tax cuts while leaders continue to meet to discuss how to deal with other fiscal cliff issues. The Associated Press, Bloomberg, The New York Times, Politico, USA Today, The Wall Street Journal and The Washington Post have the details.

Reuters reports the House could vote Thursday on the measure.

The Hill says President Obama won’t accept Speaker Boehner’s plan. Politico says the Senate will not accept it.

The Associated Press looks at all the broken promises lawmakers have made during fiscal cliff negotiations.

CBS looks at whether lawmakers will extend the current payroll tax cut.

According to The Hill, Democrats might be more open to cuts to Social Security. In a separate story, The Hill says even House Democratic leadership is keeping an open mind.

However, The Associated Press and Politico say there are Democrats who oppose slowing the growth of benefits.

The Wall Street Journal says Washington will be a “drag” on the national economy next year.

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