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Taxmageddon sparks rising anxiety

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At www.washingtonpost.com

Across the U.S. economy, anxiety is rising about the potential for widespread disruptions after the November election, when a lame-duck Congress will have barely two months to resolve a grinding standoff over taxes and spending. Last week, the House approved a plan to protect the Pentagon in January by reconfiguring $110 billion in across-the-board spending cuts -- known as 'sequestration' -- so they would fall exclusively on domestic programs, such as food stamps and health care for the poor.

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At www.washingtonpost.com


 

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