This week from the @valeofinancial Twitter feed

The Debt Ceiling 

• Paying off the Debt – Federal Tax Receipts as a Percentage of GDP Valeo Financial
• What happens in August if the debt ceiling is not raised? Answer in first paragraph. The Economist
• Daily chart: The US #debt ceiling since 1940 The Economist
• Current Senate “Gang of Six” proposal: Top individual income tax rate between 23% & 29%. Corporate rate between 23% & 29%. Bloomberg
• Who owns America’s $14.3 trillion in debt? Breakdown by continent & country The Washington Post

Housing

• Someone In Texas Just Paid $16 For A Foreclosed Home Worth $300,000 Business Insider
• Home Construction Increases Wall Street Journal

Europe

• The Nation: Greek To You? Understanding The Crisis NPR
• Europe’s Biggest Banks Face $30B Greek Write-down Bloomberg
• Podcast. We ask Ken Rogoff: How much debt is too much? And talk about debt in Greece, Italy and the U.S. Planet Money

Financial Planning

• Sticker shock: Colleges raise tuition as much as 22 percent Washington Times
• Coming this fall: Single fiduciary rule, says Schapiro Investment News
• Will Congress Kill Your Favorite Tax Deductions? Wall Street Journal