Looming Spending Cuts Would Hit Hard All Over

If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.

Source: http://www.npr.org/blogs/itsallpolitics/2012/12/05/166594809/looming-spending-cuts-would-hit-hard-all-over?ft=1&f=1014

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