Here’s a roundup of the latest must-read budget and economic stories:
The U.S. House passed a nearly $51 billion bill for Hurricane Sandy disaster aid. The Associated Press, The Hill, The New York Times, Politico and The Washington Post have the story.
Reuters looks at Republican options for avoiding default. Politico says some Republicans don’t believe the U.S. can default.
The Hill says House Republicans will determine their debt ceiling strategy this week. According to The Wall Street Journal, Republicans are split on how to approach the issue.
Politico tries to determine if there is a way around the House Speaker if he won’t allow a vote on the debt ceiling.
Reuters and The Washington Post look at the moves the Treasury Department is now taking to avoid hitting the debt ceiling.
The Washington Post reports the World Bank has cut its forecast for global growth this year from three percent to 2.4 percent.