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End-of-year spending spree tests deficit cutting resolve
Washington faces a near 200 billion dollar impulse to renew Social Security tax cuts and extend unemployment benefits while doctors face Medicare cuts. The burst of spending follows failed deficit talks and a tentative outlook for future borrowing reductions.
MENTIONED IN THIS ARTICLE
Washington
Congress
Joe Biden
Barack Obama
House
John Boehner
Ohio
Congressional Budget Office
Robert Reischauer
The
Urban Institute
Sen
John McCain
R-Ariz
Pentagon
Armed Services (Committee
Rep
Howard
Buck” McKeon
R-Calif
Senate
House Agriculture Committees
Midwest
Bruce Babcock
Iowa State University
Sec
Fannie Mae
Freddie Mac
White House
Jeff Flake
Obama
Jay Carney