Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Sequestration Plan If There Is No Deficit-Reduction Deal

Saturday, September 15, 2012 - 10:17 AM
Sequestration will be effective starting Jan. 2 unless Congress can reach a deficit-reduction deal to head it off.   The budget cuts are mandated by the 2011 Budget Control Act, which requires across-the-board cuts of $109 billion per year for nine years in an array of government programs.

Read more
pearlbrownpearlbrown1,436 posts since
Nov 2, 2010
Rep Points: 6,264
1. Saturday, September 15, 2012 - 2:56 PM
This action will be another smoke that will disappear in the political loops very soon.

It will take much more than such an act (truly an act or a play) to save the economy and the country.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426