Reid: Democrats eyeing incremental spending cuts
Posted: Tue Jan 29, 2013 8:48 pmReid: Democrats eyeing incremental spending cuts
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- Senate Democrats are mulling moving ahead with automatic budget cuts -- known as the sequester -- in "short increments," Senate Majority Leader Harry Reid said Tuesday. Reid said that those short-term cuts should be coupled with revenues, including from higher taxes on the wealthy. If Congress doesn't act, billions of dollars in defense and domestic spending cuts automatically go into effect beginning March 1.
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- Senate Democrats are mulling moving ahead with automatic budget cuts -- known as the sequester -- in "short increments," Senate Majority Leader Harry Reid said Tuesday. Reid said that those short-term cuts should be coupled with revenues, including from higher taxes on the wealthy. If Congress doesn't act, billions of dollars in defense and domestic spending cuts automatically go into effect beginning March 1.