Tibet: Risks from the debt ceiling deal

On Thursday, August 4, 2011, in Tibetan Politics, US Government, by Todd Stein

Passage of the debt ceiling/deficit reduction legislation earlier this week ends the crisis mentality that has gripped Washington in recent weeks.  However, the issue will come to a head toward the end of the year when lawmakers must make a choice: approve a massive $1.5 trillion deficit reduction package crafted by a special committee or let automatic across-the-board cuts go into effect.

One thing we know for certain: spending cuts are coming and they will be huge.

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