Heading for a cliff

"Heading for a cliff" Continued...

Issue: "Dead heat," Sept. 22, 2012

Rep. James Lankford, R-Okla., told me the Senate must show a willingness to vote on difficult issues for any major problems to be solved. "When the Senate determined they would not take votes that would put members at risk, it stopped everything," he said. After elections, some on Capitol Hill believe lawmakers may be in a deal-making mood during the lame duck session.

If Congress cannot reach an agreement, the Bush tax cuts will expire, the mandatory cuts in the Budget Control Act of 2011 will take effect, and the CBO forecasts a 2013 recession with unemployment remaining above 8 percent. If the tax cuts are extended and the mandatory cuts not allowed, the CBO predicts a recession could be avoided, but the 2013 budget deficit would top $1 trillion for a fifth straight year.

J.C. Derrick
J.C. Derrick

J.C. is WORLD Magazine's Washington Bureau chief. He spent 10 years covering sports, higher education, and politics for the Longview News-Journal and other newspapers in Texas before joining WORLD in 2012. Follow J.C. on Twitter @jcderrick1.


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