The latest pressure tactic in Congress's feud over how to halt $1.2 trillion in across-the-board federal spending cuts may be to let them take effect.
Democrats set on enacting tax increases and Republicans who oppose them would have a greater incentive to compromise following March 1 cuts in spending to government programs, known as sequestration, lawmakers in both parties said.
"When flights start getting canceled and the beef inspectors stop inspecting beef, I think that people will know what sequester is," said Republican Representative Tom Rooney of Florida.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
