B.A. Spending Daily

News Roundup | December 20, 2012

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

The federal government is getting ready to sell its remaining share in General Motors, most likely at a loss. The Associated Press, The New York Times, Politico, The Wall Street Journal have the story.

Politico says fiscal cliff negotiations are at their “lowest” point. Reuters has a similar story.

The House will try to pass Speaker John Boehner’s temporary “Plan B” solution today that would extend tax cuts for Americans who earn less than $1 million a year and preserve the sequester spending cuts. The Associated Press, The Hill, The New York Times, The Wall Street Journal, and The Washington Post have the story.

The Associated Press takes a look at how the tax policies in Plan B would affect Americans.

According to Politico, the IRS believes there would be a massive delay in tax returns if Washington doesn’t reach a solution on the fiscal cliff. Bloomberg says as many as 100 million returns could be delayed.

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