TITLE

A Debt- Cutting Failure

AUTHOR(S)
Parker, Alex M.
PUB. DATE
November 2011
SOURCE
U.S. News Digital Weekly;11/25/2011, Vol. 3 Issue 47, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the implications of the failure of the so-called super committee of the U.S. Congress to reach a debt ceiling deal in the summer of 2011. Across-the-board cuts in defense spending and social programs effective in 2013 are expected to be triggered by the failure. Medicare providers are said to be facing a 2% cut which might affect the acceptance of Medicare patients. Budget expert Richard Kogan cited the possibility of a 9.3% cut in the budget of agencies.
ACCESSION #
67547141

 

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