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Why The 'Automatic' Cuts Spurring The Debt Supercommittee May Not Be So Automatic

Committee members Sen. Max Baucus (D-MT) (L) sets his name plate up as Sen. Rob Portman (R-OH) (R) looks on during a hearing before the Joint Deficit Reduction Committee, also known as the supercommittee, September 13, 2011 on Capitol Hill in Washington, DC.

For the Congressional supercommittee, failure is not an option, right? President Obama said it himself, didn’t he? If the supercommittee doesn’t agree on budget cuts to reduce the nation’s deficit, $1.2 trillion in budget cuts — including $3.5 billion to federal education programs — would kick in automatically. Or would they? Jason Delisle, director of [...]

What Education Stands To Lose If The Supercommittee Doesn't Reach A Deal

Congressional Budget Office Director Douglas Elmendorf (center) waits to testify before the Joint Deficit Reduction Committee — aka the "supercommittee" — in Washington, D.C. on September 13, as two protestors hold signs.

Remember how we told you in August to circle November 23 on your calendar? What with November coming Tuesday and all, we thought we’d remind you that’s the day deep, automatic, across-the-board spending cuts kick in if the Congressional “supercommittee” charged with reducing the federal deficit doesn’t reach a deal. With the deal still, for [...]

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