White House Daily Briefing
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. “Sequestration,” a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011.
Jay Carney briefed reporters and answered questions. Topics included “fiscal cliff” negotiations, the civil war in Syria, and North Korea’s … read more
Jay Carney briefed reporters and answered questions. Topics included “fiscal cliff” negotiations, the civil war in Syria, and North Korea’s recent long-range missile launch.
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. “Sequestration,” a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011. close
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