B.A. Spending Daily
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Here’s a roundup of the latest must-read budget and economic stories:
Capitol Hill Democrats want the president to bypass Congress if it cannot agree on a plan to raise the debt ceiling. The Associated Press, The New York Times, Politico, The Washington Post have the story.
USA Today says the White House will not negotiate on the debt ceiling.
Meanwhile, Politico says Republicans might be willing to let the U.S. default or let the federal government shut down if the president doesn’t agree to further spending cuts.
The Hill examines how the Defense Department is preparing for the sequester spending cuts.
Reuters looks at how Americans are dealing with the recent increase in the payroll tax.
According to one Federal Reserve official, the U.S. economy will grow 2.5 percent in 2013. Reuters has the story.