The Joint Select Committee on Deficit Reduction, created by the debt limit agreement, was tasked with finding a minimum of $1.5 trillion in deficit reductions by November to avoid triggering across-the-board spending cuts. Brookings experts analyze the work of the super committee and the consequences of its failure to produce a bipartisan agreement on deficit reduction.
Members of the U.S. Joint Select Committee on Deficit Reduction listen to tesimony from Bowles, Simpson, Rivlin and Domenici during a hearing on Capitol Hill in Washington (REUTERS/Jonathan Ernst).
“Accelerated Regular Order” — Could it Lead the Parties to a Grand Bargain?
October 19, 2012, Sarah A. Binder
Sarah Binder examines a new proposal from the Bipartisan Policy Center that would allow the government to avoid going over the fiscal cliff. Binder compares it to the Deficit Control Act from August 2011 and explains the difficulties with fast-track procedures.
U.S. Budget Deficit
The Federal Budget
U.S. Economic Performance
Testimony | Joint Select Committee on Deficit Reduction
November 1, 2011, Pete V. Domenici and Alice M. Rivlin
Testimony | U.S. Senate Budget Committee
September 20, 2011, Alice M. Rivlin
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Alice M. Rivlin
Leonard D. Schaeffer Chair in Health Policy Studies and Director, Engelberg Center for Health Care Reform
Senior Fellow, Economic Studies
Co-Director, Center on Children and Families, Budgeting for National Priorities
William G. Gale
Co-Director, Urban-Brookings Tax Policy Center
Director, Retirement Security Project
Isabel V. Sawhill
Peter W. Singer
Director, Center for 21st Century Security and Intelligence
Senior Fellow, Foreign Policy
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