B.A. Spending Daily
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Here’s a roundup of this morning’s must-read budget and economic stories:
Bloomberg, The Hill, Los Angeles Times, The New York Times, Politico, The Wall Street Journal, The Washington Post and The Washington Times all preview a vote expected today in the House on a plan to raise the debt ceiling offered by Speaker John Boehner (R-OH). The Wall Street Journal looks at what could happen after the vote.
BusinessWeek tells readers the debt crisis is much bigger than Americans think, or lawmakers acknowledge.
The New York Times and The Wall Street Journal say the Treasury Department may release a report on which federal spending programs will stay funded and which will not if Congress does not raise the debt ceiling.
On the opinion pages: Larry Kudlow looks at the consequences of a downgrade in U.S. debt; The Wall Street Journal examines the origins of the nation’s debt problem; and Diana Furchgott-Roth examines how to cut taxes and raise revenue at the same time.