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Tag: debt deal


On the Editor's Desk

Laughing at debt deals and super committees

August 8, 2011Liz Beaulieu, Editor

Lawmakers last week passed a debt deal that allowed the government to keep paying its bills under one condition: That $1.2 trillion be shaved from the budget deficit by Thanksgiving. (Now there's a reason to give thanks!) So who's going to be doing the cutting? A 12-member so-called “super committee.” And what happens if they fail? Here's where it gets interesting. If the committee fails, or if it comes up with $1.2 trillion in savings but it fails to get support from its colleagues or...

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