The Debt Agreement Explained in Three Steps

The Bi-Partisan Compromise

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The recent budget compromise created a joint committee of Congress, which you might have seen referred to as the “super committee.”

This committee is responsible for developing a bipartisan plan for reducing our deficit by $1.5 trillion over the next 10 years. (That’s on top of about $1 trillion from the down payment that was included in the first phase of the deal.)

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Conclusion

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