The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( MagicDiligence.com) -- We believe defense contractors, home health agencies and for-profit education could face disproportionate hits from spending pullbacks as a result of the just-passed debt deal. The deal allows the federal government to raise the debt ceiling by $2.4 trillion. To balance this act, there is an initial $917 billion in spending cuts over the next 10 years. Additionally, a congressional committee will be appointed to find another $1.5 trillion in spending to cut, by Thanksgiving of this year. If the committee does not come to an agreement, a pre-arranged set of spending cuts will kick in (the "trigger cuts").
13 Stocks the Debt Deal Could Hurt: Magic Formula
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