B.A. Spending Daily

News Roundup | February 11, 2013

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

NBC questions how President Barack Obama will pay for his “ambitious” second term agenda. (Bloomberg, Reuters and The Wall Street Journal say the president will ask for significant new spending in tomorrow’s State of the Union.)

House Democratic Majority Leader Nancy Pelosi said Sunday the U.S. doesn’t have a spending problem. CNN, The Hill and Politico have the story.

According to The New York Times, younger Americans are more open to bigger government than previous generations.

The Washington Post says the 2011 federal spending cuts have “fallen short” of their promises.

The Los Angeles Times believes the sequester spending cuts are almost certainly likely to go through.

According to The Associated Press, one top Senate Democrat argued this weekend that the sequester spending cuts were never really meant to take place.

The Washington Post looks at Defense Secretary Leon Panetta’s attempts to do away with the sequester spending cuts.

The Hill examines how interest groups are trying to stop the cuts.

Politico says House Republicans are unwilling to raise taxes any further. According to The Washington Post, at least one top Republican senator is open to more tax increases.

The Hill reports that there are currently 16 bills that have been introduced in Congress that would cut lawmakers’ pay.

According to The Washington Post, growing pension costs are the source of the U.S. Postal Service’s fiscal troubles.

 

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