Debt committee's failure would trigger deep cuts
October 26th, 2011
12:50 PM ET
3 years ago

Debt committee's failure would trigger deep cuts

NEW YORK (CNNMoney) - The automatic cuts looming over the congressional debt committee would take a big bite out of discretionary spending, a top government budget expert said Wednesday.

And those reductions would be felt across the economy - potentially affecting infrastructure projects, higher education, basic research, and state and local governments, Congressional Budget Office Director Douglas Elmendorf explained to members of the so-called super committee.

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Filed under: Congress • Debt • Deficit • Deficit commission