Year-end budget busters: $600 billion on the line
November 11th, 2011
07:40 AM ET
2 years ago

Year-end budget busters: $600 billion on the line

New York (CNNMoney) - Debt reduction may be consuming Capitol Hill these days, but lawmakers have a number of pricey budget decisions to make before the year's out.

Unless Congress steps in, come January payments to Medicare doctors will be slashed by nearly 30%. Workers' payroll tax cut will expire. And federal unemployment benefits will end for close to 2 million jobless workers.

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Filed under: Budget • Capitol Hill • Debt • Deficit
soundoff (6 Responses)
  1. Wire Palladin, S. F.

    These dire consequences are a dream come true to GOP baggers. We will have to add Medicare doctors to the long list of people republicans hate.

    November 11, 2011 08:01 am at 8:01 am |
  2. Donkey Party

    Blame the GOP-baggers, they are 100% responsible for the impasse in Congress. They are nothing more than America-hating domestic terrorists who should be tried and shot for treason.

    November 11, 2011 08:16 am at 8:16 am |
  3. Keith in Austin

    This 12-member "Super Committee" is like entrusting Foxes and Wolves to watch the henhouse! No doubt it will end in a stalemate and forced cuts in our National Defense will ensue. Washington is abysmal!

    November 11, 2011 08:42 am at 8:42 am |
  4. The Greedy Old Pigs have declared class war on US!

    And, as sure as the sun rises, the GOBP deathcult will hold unemployment benefits and payroll tax cuts hostage so they can extort more pork for the 1%ers who run the cult.

    November 11, 2011 09:04 am at 9:04 am |
  5. GI Joe

    This is just great - we'll get to witness the republican House hold the entire country hostage yet again. If people in all states do NOT vote out the baggers, this country is toast.

    November 11, 2011 09:13 am at 9:13 am |
  6. 356 days and no more Obama

    if Obama had not wasted 4 Trillion dollars on green energy loans (another FAILURE); we would have the 600 Billion dollars needed.

    November 11, 2011 09:28 am at 9:28 am |