What if the supercommittee fails? Spending cuts totaling $1.2 trillion will be triggered if the supercommittee does not reach a deal. The cuts are to be split between defense and non-defense spending, estimated at $55 billion in each type of spending per year from 2013 through 2021. U.S. Defense Secretary Leon Panetta has warned that […]
What if the Supercommittee Fails?
Posted November 21st, 2011 at 10:05 am (UTC-5)
What if the supercommittee fails? Spending cuts totaling $1.2 trillion will be triggered if the supercommittee does not reach a deal. The cuts are to be split between defense and non-defense spending, estimated at $55 billion in each type of spending per year through 2021. U.S. Defense Secretary Leon Panetta has warned that such cuts […]
