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Hagel to hear from Joint Chiefs on defense cuts
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The Joint Chiefs of Staff plan to brief newly minted Defense Secretary Chuck Hagel on the impact that spending cuts — slated to go into effect Friday night — might have on military readiness.

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No agreement from White House meeting on looming spending cuts
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President Barack Obama blamed Congress for failing to prevent forced spending cuts that take effect Friday, saying the reductions will harm economic recovery.

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bostonglobe.com

Lawyers for former House speaker Salvatore F. DiMasi and a former lobbyist urged a federal appeals court panel Tuesday to overturn their political corruption convictions, maintaining that a jury was wrong to convict them of a kickback scheme to help a …

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Lewis Lapham: Gridlock, Corruption Show Political Decay
www.bloomberg.com

Western democracy prides itself on the ability to adapt to changing times. It is now headed for “terminal political decay,” threatened by gridlock, debt and deficits, income inequality and corruption, according to billionaire Nicolas Berggruen, author …

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The Debt Paradox That Everyone Should Be Aware Of
seekingalpha.com

This is the fifth of a series of articles that I've called "7 Deadly Sins of the Government Debt Debate." You don't need to read the other four to follow this one, but if you were to go here, here, here or here, you'd find that we're playing word games …

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National debt will be a wake up call
www.vindy.com

House Budget Committee Chairman Paul Ryan, R-Wis., is looking beyond today and the beginning of the sequestration. In an interview I conducted with him on Capitol Hill Tuesday, Ryan told me he believes a majority of Americans will come to understand …

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Maxine Waters Warns 170 MILLION Jobs Could Be Lost Due to Sequestration Cuts — But There’s a Huge Problem With Her Estimate
www.theblaze.com

If Congress allows sequestration cuts to take effect, more than 170 million Americans could lose their jobs, according to Rep. Maxine Waters (D-Calif.). “If sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these…

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