B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
Speaker of the House John Boehner (R-OH) did not have enough votes for his Plan B tax plan. He cancelled the vote and the House adjourned for Christmas. The Associated Press, Bloomberg, The Hill, The New York Times, Politico, Roll Call, USA Today, and The Wall Street Journal have the story.
Bloomberg says the stock market is reacting badly to the collapse.
Politico takes a detailed look at which programs will be affected by the sequester spending cuts.
According to Politico, Sen. Barbara Mikulski will chair the Senate Appropriations Committee.
The Wall Street Journal says economists believe economic growth will be slower in the coming months.