- Greek parliament approves austerity measures as condition for more bailout funding (CNN): http://www.cnn.com/2012/02/12/world/europe/greece-debt-crisis/index.html?hpt=hp_t3
- President Obama will be submitting the final budget of this presidency today. This budget is expected to carry a $901 Billion deficit (Fox News): http://www.foxnews.com/politics/2012/02/12/presidents-budget-out-monday-already-meets-gop-skepticism/?test=latestnews
- Pakistani Prime Minister Yousuf Raza Gilani is indicted for contempt (Washington Post): http://www.washingtonpost.com/world/pakistani-prime-minister-to-stand-trial-for-contempt/2012/02/13/gIQAHTfIAR_story.html?hpid=z4
From The Washington Post - http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-5-things-to-watch-in-obamas-2013-budget/2012/02/13/gIQAbYKhAR_blog.html
"- The broken deficit promise: This is one of those cases in which what's important will make headlines. The Obama administration is officially breaking its promise to halve the deficit by the end of their first term. The 2013 budget envisions a deficit of more than $1 trillion -- not halved by any stretch of the imagination. Republicans are right about that. But fulfilling that promise -- which would have meant moving to massively contractionary fiscal policy over the last year -- would have been a dumb thing to do. The Obama administration is right about that."
I'm not too sure about this... do you really think this will make headlines? I doubt it, but I hope I'm wrong. What do you think?