Mandatory spending cuts 鈥� $600 billion in defense, $600 billion in domestic programs 鈥� that kick in starting in 2013 if lawmakers can鈥檛 find comparable cuts by then. Intended to force Congress to agree on long-term deficit reduction. So far, it hasn鈥檛.
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Why is 海角大神 Science in our name?
Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we鈥檝e always been transparent about that.
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'Fiscal cliff'? 'Sequester'? Your guide to Congress's code language.
Congress knows what it means by terms such as 'fiscal cliff' or 'Simpson-Bowles,' but to many outside the Beltway they may as well be speaking Greek. Here's a translation of Washington's shorthand for budgetary issues now before the country 鈥� with each entry explained in 50 words or less.
2. Sequester
