B.A. Spending Daily
Here’s a roundup of this morning’s must-read budget and economic stories:
The New York Times gives on overview of the budget battles raging in Washington.
According to Politico, Sen. Joe Manchin (D-WV) will give another speech today on deficit reduction, saying he will not vote for an increase to the debt limit unless it includes a long-term deficit reduction plan.
According to a Congressional Budget Office report released Friday afternoon, President Obama’s budget underestimated the deficit by $2.3 trillion over the next 10 years. The Associated Press and The Washington Times have the details.
Investor’s Business Daily takes a detailed look at the levels of spending cuts proposed by Republicans and Democrats.
On the revenue side: The Wall Street Journal says Republicans are split on tax increases while The Hill says Congressional Democrats are breaking with the White House on their stance on taxes for the wealthy.
On the opinion pages: Robert Samuelson says Europe’s debt crisis is more serious even than the recent natural disaster in Japan. (On the news side, Bloomberg profiles the IMF’s Joe Lipsky and his thoughts on the global debt crisis.)