B.A. Spending Daily

News Roundup | January 11, 2013

Here’s a roundup of the latest must-read budget and economic stories:

According to The Weekly Standard, the White House press secretary said “”deficit reduction is not a worthy goal onto itself.”

The Wall Street Journal says many economists believe the fiscal cliff deal will adversely affect the economy.

Politico believes the fiscal cliff deal will make it less likely that Congress takes up tax reform.

The New York Times and The Wall Street Journal report the Defense Department is preparing for upcoming budget cuts by delaying contracts and hiring.

President Obama nominated White House chief of staff Jack Lew to be Treasury Secretary yesterday. The Associated PressThe New York TimesReutersand Roll Call have the story.

The New York Times speculates about who President Obama will pick to replace Jack Lew as White House chief of staff.

According to The Hill, the CEO of the U.S. Chamber of Commerce believes the nation’s “exploding debt” is a threat to its economy.

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