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Feb. 3, 2012
Chart of the Day: Understanding the Budget-Cut 'Trigger'
As you will recall, the failure of the congressional Super Committee triggered mandatory spending cuts. This "sequestration" was meant to be an incentive to both sides to find a deal, because the cuts would harm programs that both parties are fond of. Surprising no one except maybe the members of Congress involved, that ploy, and the Super Committee, failed, and no agreement was reached...
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