On the recordDecember 5, 2012
If Congress fails to reach an agreement under the Budget Control Act of 2011, $1.2 trillion in automatic spending cuts will take place.
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congress.govKevin Brady: “If Congress fails to reach an agreement under the Budget Control Act of 2011, $1.2 trillion in automatic spending cuts…”
Editor's note · Context
Warning about the consequences of failing to reach a budget agreement.
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