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Cliff deal mirrors earlier compromises as US debt grows
The accord raises 600 billion dollars over a decade, targets taxes only on the very wealthy, and delays major spending cuts. It spares large segments of the public from immediate sacrifices, avoids the debt ceiling crisis for now, and leaves broad deficits to future generations.
MENTIONED IN THIS ARTICLE
Washington
Congress
White House
Barack Obama
Obama
U.S
Congressional
Republicans
William Gale
Nonpartisan Tax Policy Center
Gale
Honolulu
Darrell Issa
Rcalif
Afl-Cio
Richard Trumka