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On the Cutting-Room Floor.

  • Periodical
  • CQ Weekly. 3/4/2013, Vol. 71 Issue 9, p414-417. 4p.
  • The article talks about automatic spending reductions, known as sequestration, which are set to take effect in the U.S. in 2013 as lawmakers argue over alternatives. It notes alarming scenarios about lost jobs and lower wages that were cited by President Barack Obama. According to Federal Reserve Chairman Ben S. Bernanke, providing greater flexibility for the cuts might bring better policy results but would not have a significant influence on the effect of the sudden federal spending reduction. INSETS: No Shortage of Proposals Just a Shortage of Agreement;How the Sequester Will Be Implemented.
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