Last August, as part of an agreement to raise the U.S. debt ceiling, Congress created the Joint Select Committee on Deficit Reduction to come up with a minimum of $1.2 trillion of cuts over the next 10 years.Failure of the so-called supercommittee to produce a bill with at least that much in savings would trigger automatic spending cuts of an equal amount, divided equally between defense and nondefense spending, starting in 2013.
Rand Paul John Kerry Harry Reid Barbara Boxer Dianne Feinstein
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