Here’s a roundup of this morning’s must-read budget and economic stories:
On Friday, the S&P downgraded the debt ratings of nine European countries, including France and Italy.
, The New York Times , Politico and Reuters have the details. The Wall Street Journal and Bloomberg look at the likely reactions in the various countries. The New York Times
also looks at Greece’s ongoing debt problems. The New York Times says negotiations over the country’s debt are at a “critical” point. Bloomberg
and The New York Times have more details on the President’s plan to consolidate several commerce and trade agencies. The Wall Street Journal
says it is unlikely that Congress will pass a reform of Fannie Mae and Freddie Mac this year. The Hill also writes that the Obama administration is likely to come out with a new plan to help distressed homeowners. The Hill
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January 16, 2012