Budget and economic news roundup
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Here’s a roundup of this morning’s must-read budget and economic stories:
The Bond Buyer says Senate Democrats are exploring ways to help out cash-strapped states. A spokesman for Senate Budget committee member John Cornyn (R-TX) says a bailout “is not an option.”
Is Spain the next European debt crisis? According to The Wall Street Journal, some investors think so.
The Hill takes a look at the political jockeying over the vote to increase the U.S.’s statutory debt limit (a vote that may come as early as late March).
The Wall Street Journal takes another look at the spending rules proposed by House Republicans, and concludes they might not be as strong as they seem.
Kevin Hassett from the American Enterprise Institute has an op-ed on Bloomberg.com entitled, “How to Cut $100 Billion Without Really Crying.”