On Monday, the co-chairs of the Joint Select Committee on Deficit Reduction announced that the “super committee” had reached an impasse and would be unable to deliver a compromise plan on the budget deficit. With members divided over key issues like tax reform and entitlement programs, the failure of the super committee now means that mandatory cuts in defense and domestic spending are set to go into effect in 2013.
What is the impact of the super committee’s failure? Which programs will be affected by the budget cuts? On November 23, expert Ron Haskins answered your questions in a live web chat moderated by Vivyan Tran of POLITICO.
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It’s hard for me to see how [a no deal Brexit] would benefit the EU at all. By nature of the single market, you’ve got a heavily integrated economy that would come to a screeching halt.