Archives for December 2011

News-in-Brief – December 2011

Super Committee Inaction Triggers Sequestration After months of speculation, the Joint Committee on Deficit Reduction–the Super Committee–failed to meet its congressional charge. The Committee’s mandate was to report a plan by November 23 that would produce $1.2 trillion in cuts over ten years, aimed ultimately at putting the country on the road to eliminating the deficit. The “stick” hanging over the Committee, which is still in play, was the threat of sequestration, a process of automatic across-the-board cuts in all discretionary spending: education, health, social services, environmental protection, and all other agencies, including defense and homeland security. More…. With the… Read More »