The failure of the congressional supercommittee to agree on deficit reduction measures triggered a process called sequestration. It requires budget cuts of $984 billion divided evenly between defense and non-defense programs over a nine-year period — a figure based on the $1.2 trillion that the supercommittee failed to cut minus the interest that will be saved as the deficit is reduced. … Back to Article
Topic Alerts
You can get weekly email alerts on the topics below. Just click “Follow.”
Manage AlertsProcessing
Please wait...
Tell Us WhatYou Think
Please leave your comment below.
You must be signed in to comment.
Sign In | Register