Obama signed the budget deal. The Republican vice presidential candidate, Rep. Paul Ryan, voted for it. So did House Speaker John Boehner. Neither Allen nor Kaine was a member of Congress at the time.The looming, one-year defense cuts of about $55 billion also have popped up in House races in California and Colorado, where Democratic challengers have criticized incumbent Republicans for jeopardizing military dollars and jobs. In key states and districts, the obscure deal is a pocketbook issue with voters still jittery over jobs and bills in the wake of recession.
Automatic Spending Cuts Are Issue In Some Races
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.