Happy Saturday, here’s the top economic news from the past week from your fiscally fit friends at Public Notice.
1) This week we rolled out an advertising blitz urging Washington to offset sequestration with more responsible spending cuts, as The Hill reports. The Washington Post wrote on how our campaign focuses on what is really being asked of Washington – a cut of 3 cents from every dollar Washington spends, which is the type of sacrifice Americans make everyday.2) The U.S. economy added 236,000 jobs in February, bringing the unemployment rate down to a four year low of 7.7 percent. Meanwhile, the national debt surpassed the median household income for the first time ever.3) The U.S. House passed a six-month continuing resolution that will keep the federal government funded after the current continuing resolution expires on March 27. The spending plan ensures that the government will not shut down, and now goes to the Senate where it is expected to expand with additional spending bills.4) On Monday, the White House nominated Sylvia Mathews Burwell to become the new director of the Office of Management and Budget, which some consider the toughest job in government. Here are the top five things you need to know about Burwell, including her past work for Walmart, the Clinton Administration and the Bill and Melinda Gates Foundation.5) Finally, enjoy this cartoon from our sister project, Washington Could Learn A Lot on why cutting wasteful spending should be as easy as pie.