B.A. Spending Daily

News Roundup | June 2, 2011

Here’s a roundup of this morning’s must-read budget and economic stories:

According to The Hill and Politico, House Speaker John Boehner (R-OH) wants to reach a deal on raising the statutory debt limit within the next month. Politico and Reuters report Treasury Secretary Timothy Geithner will meet with a group of Republicans today to dicuss the debt limit.

President Obama hosted Republican lawmakers at the White House Wednesday to discuss spending and the budget deficit. Bloomberg, The Hill, The New York Times, Politico, Roll Call, USA Today, and The Washington Post report on the meeting.

The Hill previews the meeting President Obama will have with Congressional Democrats today. According to a separate story in The Hill, one top Senate Democrat says his caucus won’t accept spending cuts to Medicaid.

According to The Associated Press, The Wall Street Journal and The Washington Post the auto bailouts will ultimately cost taxpayers $14 billion.

After Moody’s downgraded the country’s debt yesterday, Reuters reports that the Greek government will lay out a new plan on Friday to cut their deficit.

The Washington Post reports the U.S. manufacturing sector is slowing.

On the opinion pages: Larry Kudlow says government spending doesn’t help the economy while John Taylor argues an increase in the debt limit should be combined with spending cuts.


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