Briefing

'Fiscal cliff'? 'Sequester'? Your guide to Congress's code language.

Congress knows what it means by terms such as 'fiscal cliff' or 'Simpson-Bowles,' but to many outside the Beltway they may as well be speaking Greek. Here's a translation of Washington's shorthand for budgetary issues now before the country – with each entry explained in 50 words or less.  

By , Staff writer

2. Sequester

Mandatory spending cuts – $600 billion in defense, $600 billion in domestic programs – that kick in starting in 2013 if lawmakers can’t find comparable cuts by then. Intended to force Congress to agree on long-term deficit reduction. So far, it hasn’t.

2 of 5

Read Comments

View reader comments | Comment on this story
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

Loading...

Loading...

Loading...