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Public Finance

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    May 14, 2013 |Story| Los Angeles Times

  1. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: Loans, Economic Indicator, Politics, Barack Obama, U.S. House Committee on Ways and Means

    2. May 8, 2013 |Story| Los Angeles Times

  2. The wrong way for Washington to avoid defaulting

    It's rare that the president explicitly pledges to veto a bill -- usually, the White House says the president's advisors would "recommend" a veto -- but that's what <a href="http://www.whitehouse.gov/sites/default/files/omb/legislative/sap/113/saphr807r_20130507.pdf">happened</a> Tuesday. The measure in question is HR 807, the Full Faith and Credit Act, by California Rep. Tom McClintock (R-Rocklin), which the House is expected to take up this week.
    It's rare that the president explicitly pledges to veto a bill -- usually, the White House says the president's advisors would "recommend" a veto -- but that's what happened Tuesday. The measure in question is HR 807, the Full Faith and Credit Act, by...

    Tags: Politics, U.S. Department of Defense, Barack Obama, Republican Party, Finance

    3. May 7, 2013 |Story| Los Angeles Times

  3. First, fix the tax code

    The federal government is expected to hit its statutory credit limit later this month, setting the stage for yet another battle between the Obama administration and the House GOP over raising the debt ceiling. Republican leaders of the House Ways and Means Committee <a href="http://lat.ms/18q649d">reportedly</a> want something new in return for raising the limit: an agreement to simplify the tax code and reduce rates. Lawmakers should know by now that it's self-destructive to play games with the debt ceiling, and that the brinkmanship that characterizes contemporary Washington politics needs to stop. On the other hand, reforming the tax code is a goal both parties can and should embrace.
    The federal government is expected to hit its statutory credit limit later this month, setting the stage for yet another battle between the Obama administration and the House GOP over raising the debt ceiling. Republican leaders of the House Ways and...

    Tags: U.S. Congress, Budgets and Budgeting, Politics, Barack Obama, Environmental Issues

    4. May 3, 2013 |Story| AP Member Choice Complete

  4. Knicks, Pacers advance in six games

    Carmelo Anthony scored 21 points and the visiting New York Knicks held on after blowing most of a 26-point lead to beat the Boston Celtics, 88-80, in Game 6 on Friday night and advance in the postseason for the first time since 2000.
    Carmelo Anthony scored 21 points and the visiting New York Knicks held on after blowing most of a 26-point lead to beat the Boston Celtics, 88-80, in Game 6 on Friday night and advance in the postseason for the first time since 2000. Iman Shumpert...

    Tags: Carmelo Anthony, Al Horford, Basketball, Politics, Iman Shumpert

    5. Apr 26, 2013 |Story| Los Angeles Times

  5. Economic growth rises to 2.5% pace but falls below expectations

    WASHINGTON &mdash; The nation's sluggish recovery can't seem to catch a break.
    WASHINGTON — The nation's sluggish recovery can't seem to catch a break. Persistent federal spending cuts and a slowdown in business investments thwarted hopes for stronger economic growth in the first quarter, setting up more modest gains in jobs...

    Tags: Layoffs and Downsizing, Sales, Economic Indicator, Politics, Federal Reserve

    6. Apr 23, 2013 |Column| Los Angeles Times

  6. Chained thinking on the federal deficit

    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month.
    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month. That's the amount by which benefits for the average...

    Tags: Economic Indicator, Politics, Barack Obama, Retirement, Apples

    7. Apr 23, 2013 |Story| Los Angeles Times

  7. Greuel steps up attacks on Garcetti in L.A. mayor's race

    Los Angeles mayoral hopeful Wendy Greuel stepped up attacks on rival Eric Garcetti on Tuesday, repeating ethical accusations brought up at Monday night's televised debate and adding a new one &mdash; that Garcetti accepted thousands in donations at a fundraiser hosted by an ex-felon.
    Los Angeles mayoral hopeful Wendy Greuel stepped up attacks on rival Eric Garcetti on Tuesday, repeating ethical accusations brought up at Monday night's televised debate and adding a new one — that Garcetti accepted thousands in donations at a...

    Tags: Eric Garcetti, Politics, Religion and Belief, Wendy Greuel, Antonio Villaraigosa

    8. Apr 16, 2013 |Story| Los Angeles Times

  8. How an Excel error fueled panic over the federal debt

    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And that's scary, because that's where the U.S. has been heading.
    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And...

    Tags: Economic Indicator, Politics, Productivity, Gross Domestic Product, Paul Ryan

    9. Apr 16, 2013 |Story| Los Angeles Times

  9. Compton voters weigh crowded ballot in mayor's race

    Compton residents went to the polls Tuesday to cast their votes for the city's next mayor, choosing from a crowded ballot filled with familiar and unknown names.
    Compton residents went to the polls Tuesday to cast their votes for the city's next mayor, choosing from a crowded ballot filled with familiar and unknown names. A dozen candidates appeared on the ballot, including current Mayor Eric Perrodin; former...

    Tags: Politics, Voting, Polls, Elections, Local Elections

    10. Apr 12, 2013 |Story| Los Angeles Times

  10. Obama's Social Security proposal sparks GOP confusion

    WASHINGTON -- President Obama's proposal to trim Social Security's cost-of-living adjustments has sparked not only Democratic outrage, but Republican confusion.
    WASHINGTON -- President Obama's proposal to trim Social Security's cost-of-living adjustments has sparked not only Democratic outrage, but Republican confusion. In the days since Obama put the idea in his 2014 budget, Republicans' reactions have...

    Tags: Politics, Primaries, Barack Obama, Social Security, Republican Party

    11. Apr 11, 2013 |Story| Los Angeles Times

  11. Closer to Obama's 'grand bargain'

    The budget proposal President Obama released Wednesday sticks close to the themes of increased public investment and middle-class growth that he sounded in his reelection campaign, but it includes one notable new feature. For the first time, Obama lays out the details of the "grand bargain" on deficit reduction he's been seeking in private talks with Republicans. It's not clear whether the change in strategy will produce a deal; Republicans and Democrats are far apart on many issues. Nevertheless, by incorporating a more ambitious deficit-reduction plan into his budget, the president has moved the process in the right direction.
    The budget proposal President Obama released Wednesday sticks close to the themes of increased public investment and middle-class growth that he sounded in his reelection campaign, but it includes one notable new feature. For the first time, Obama lays...

    Tags: Budgets and Budgeting, Personal Income, Politics, Barack Obama, Social Security

    12. Apr 11, 2013 |Story| Los Angeles Times

  12. Obama unveils $3.78-trillion budget proposal

    WASHINGTON &mdash; President Obama laid out his vision Wednesday for $3.78 trillion in federal spending, unveiling a budget proposal for the next fiscal year that aims to reignite cooled deficit reduction talks while opening negotiations over the fate of hundreds of federal programs.
    WASHINGTON — President Obama laid out his vision Wednesday for $3.78 trillion in federal spending, unveiling a budget proposal for the next fiscal year that aims to reignite cooled deficit reduction talks while opening negotiations over the fate...

    Tags: Politics, Lois Capps, Barack Obama, U.S. House Committee on the Budget, Illegal Immigrants

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