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“U.S. tax increases and spending cuts set to take effect by the beginning of next year pose one of the biggest risks to the global economy, International Monetary Fund Managing Director Christine Lagarde said today”, (Quote Source: businessweek.com)
Should Congress fail to pass a balanced budget by the end of 2012, America could face serious repercussions. Judy Woodruff talks to the Congressional Budget Office’s former director Alice Rivlin and Committee for a Responsible Federal Budget’s Maya MacGuineas about why budget reform talks need to shift to policy, not politics.
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