“Former U.S. Comptroller General David Walker said he doubts the White House and Congress will agree by the end of this year to head off across-the-board spending cuts and tax increases set for January. Congressional committees haven’t ‘done their work’ on realistic plans to overhaul taxes and entitlement programs such as Medicare, and President Barack Obama’s administration has done little to prepare the public for spending cuts and tax increases, Walker said at a luncheon Monday.”
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