Marquette Associates has a very interesting chart of the week showing how state and local government budget cuts are a drag on GDP.
Interesting map from the Tax Foundation on state income tax brackets.
Hamilton Place: A Storify of Ben Bernanke’s testimony yesterday
Davis Polk: Dodd-Frank Two-Year Anniversary Progress Report
State Budget Crisis Task Force: Report on the state budget crisis
Bond Buyer: MSRB’s Polsky, but no SEC official, to testify at House panel muni hearing
Public service announcement from the New York City Department of Transportation: Come take part in the fifth annual Summer Streets! On Aug. 4, 11 and 18 from 7 a.m. to 1 p.m., nearly seven miles of New York City’s streets will be opened up for everyone to play, run, walk and bike.
I’m on the radio! Thanks to Pat Morrison of Southern California Public Radio KPCC for inviting me to a roundtable on how the San Bernardino bankruptcy is looking much worse than Stockton’s.