Debt Ceiling Deal: Top 7 Ways Government Cuts Could Affect You

intro: While the United States may have averted a default on its sovereign debt, the spending cuts in the deficit reduction proposal are yet to be determined. The Congressional Budget Office said the tentative agreement, which the House approved Monday night and Senate approved Tuesday, could cut $1.2 trillion over 10 years from the federal budget. The deal puts off many of toughest decisions on taxes and entitlement programs, leaving that to a super committee that could suffer from the same...Full Story
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