Federal Debt Limit

posted Aug 1, 2011, 1:40 PM by Frank Baskin   [ updated Aug 2, 2011, 1:46 PM ]
The President and Congressional Leaders have agreed to extend the Federal Debt Limit and to include reductions in expenditures with no new revenues. A twelve member....FOR MORE CLICK TITLE... .congressional committee will propose further reductions. They are all saying that these cuts will not impact social security or medicare. It is unclear if and/ or how this congressional committee will impact these programs.