Fiscal Cliff Negotiations and the Economy
House Budget Committee ranking member Representative Chris Van Hollen (D-MD) spoke about the latest developments in… read more
House Budget Committee ranking member Representative Chris Van Hollen (D-MD) spoke about the latest developments in “fiscal-cliff” negotiations, and the economy at a Christian Science Monitor Breakfast event for reporters at the St. Regis Hotel. Among his remarks, he said he was concerned that House Speaker John Boehner might be stalling the negotiations until he is re-elected to his leadership post in January 2013. Other topics included the future of the Democratic Party and gubernatorial races.
“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
*The transcript for this program was compiled from uncorrected Closed Captioning.
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- Christopher Van Hollen U.S. Representative [D] Maryland
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