B.A. Spending Daily
Here’s a roundup of the latest must-read budget and economic stories:
Could the U.S. national debt climb to more than 200 percent of the total economy? The Hill says it is headed in that direction.
The Washington Post says most lawmakers believe “deep spending cuts are likely.”
According to Reuters, the U.S. federal government’s credit rating is still at risk for downgrade.
According to The Washington Post, unions have recommended the federal government save money by reducing salaries for contractors.
President Obama signed legislation providing for $50 billion in aid for Hurricane Sandy victims. Politico has the story.