Fiscal cliff to impact area taxpayers

Monday, December 17, 2012 - 9:25am
Texas — Government services at all levels would be impacted if lawmakers fail to reach a deal to avoid automatic $110 billion in cuts to entitlements and national defense in 2013.
That would be the first wave of sequestration, a $9-word for the $1.2 trillion in automatic cuts occurring during 10 years if Congress and President Barack Obama can’t steer the country off what’s more familiarly called the fiscal cliff.
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