If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.
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Post Tagged with: "Czech Republic"
September 29, 2011 14:11
Teaparty caucus in Europe?
The love of freedom knows no boundaries. They are not all “European style socialists” in Europe.
March 15, 2010 06:00
Obama’s ‘reset’ foreign policy plan gets F for FAIL
“I’ll be honest with you. This is just really hard.” -Obama