off the charts
POLICY INSIGHT
BEYOND THE NUMBERS

A Closer Look at Those Across-the-Board Cuts

I’ve written a short paper, which the Center issued today, that briefly lays out the major pieces of the debt limit deal and explains how the automatic, across-the-board cuts it potentially entails would occur. As I explain, those cuts would take effect in January 2013, a year later than many people have mistakenly believed, and would represent about a 9 percent annual cut in both defense programs and those non-defense programs subject to the cuts. Click here for the report. . . . .