That 1% cut in federal spending in the debt limit law? Itās complicated
WASHINGTON ā The debt limit law Congress approved earlier this year included a much-publicized provision that would cut all federal spending by 1% if Republicans and Democrats fail to reach agreement on the dozen government funding bills before Jan. 1. That sounds pretty threatening. But, the across-the-board automatic spending cut wouldnāt actually have any real-world […]
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