Spending Cuts Are Only One Skirmish in 2013 Budget Wars
It may be hard to believe, given the intense partisan strafing ignited by the automatic government spending cuts set to begin on Friday, but this year’s budget wars have yet to fully get under way.
Bernanke Defends Asset Purchases as Benefits Outweigh Risks
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s unprecedented asset purchases, saying they are supporting the expansion with little risk of inflation or asset-price bubbles.
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More spin than solutions as spending cuts near
Three days before forced spending cuts portrayed by most as an economic body blow, President Barack Obama and Republican rivals relied on spin versus substance Tuesday in trying to prod a deeply divided Congress into action to avert the harshest impacts.
http://rss.cnn.com/~r/rss/edition_us/~3/7plRiIxucTA/index.html
Republicans and Democrats brace for impact of March 1 cuts
WASHINGTON (Reuters) – With five days left before $85 billion is slashed from U.S. government budgets, governors and lawmakers from both parties said the White House and Congress should pull out the stops to avert indiscriminate cuts.
http://feeds.reuters.com/~r/reuters/businessNews/~3/aZH92mtfOUs/us-usa-fiscal-idUSBRE91L00920130224