Debt deal: Brace for spending cuts

Townhall.com Staff
|
Posted: Jul 05, 2011 9:49 AM
Debt deal: Brace for spending cuts
NEW YORK (CNNMoney) -- Huge spending cuts, and maybe some targeted tax hikes.

That's how the deal to raise the debt ceiling is shaping up. Details are thin, as negotiations have been carried out behind closed doors and involve only a few of Washington's heaviest hitters.