Alan Krueger, chairman of the president's Council of Economic Advisers, warns that consumer spending will drop if Congress and the White House fail to reach a deal on spending cuts and tax increases.
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December 5, 2012 If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
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How long and how late will talks go? (The Capitol dome.)
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December 4, 2012 Talks continue about how to avoid automatic spending cuts and expiration of Bush-era tax reductions. If you're trying to keep up on what's going on, here are three more stories you should consider (we won't presume say they're "must reads). Also, two "bonus tracks."
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