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Posts Tagged "supercommittee"

Automatic budget cuts looming for transportation programs

24 Sep 2012 | Posted by | 0 Comments | , ,

As part of the last-minute deal to raise the debt ceiling earlier this year, a proverbial doomsday device was put in the room with the supercommittee charged with coming up with the cuts needed to lower the deficit, in hopes of getting them to reach an agreement: Come up with the required cuts/revenue increases to hit the mark, or else hefty budget cuts of 8.2 percent across the board to discretionary programs would go into effect on January 1, 2013 and last for ten years

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