Today’s Catholic must-reads: 03/07/13

Archbishop Charles Chaput of Philadelphia (CNS)

The Archdiocese of Philadelphia recorded a “very serious” deficit of $39.1m (£25.6m, €30.1m) in the last fiscal year, according to figures released today (PDF of financial report).

US President Barack Obama’s comments about Catholic schools during his recent visit to Belfast were unhelpful, Auxiliary Bishop Donal McKeown of Down and Connor has told Vatican Radio.

The Pope named Mgr Joseph Arshad as the Bishop of Faisalabad in Pakistan today, succeeding Bishop Joseph Coutts, who is now Archbishop of Karachi.

Sandro Magister claims the Pope is having second thoughts about the man he recently appointed as prelate of the Vatican bank.

John Allen explains why Francis wants “no VIPs from the Italian political scene and no retinue of Princes of the Church” when he visits Lampedusa on Monday.

Grant Gallicho, Bill Donohue and Andrew Sullivan comment on claims that Cardinal Timothy Dolan tried to shield money from abuse victims while Archbishop of Milwaukee.

And George Weigel says the late Fr Andrew Greeley represented “the last rowdy moment of urban, ethnic, Counter-Reformation Catholicism in America“.

Follow me on Twitter @lukecoppen for updates throughout the day