US debt panel proposes major cuts
Al Jazeera English
2012-07-24
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As world leaders deliberate on ways to revive the global economy, a key US panel appointed by Barack Obama is proposing radical spending cuts.
The proposed $4 trillion in cuts include defense expenditures, retirement benefits - and an increase in the fuel tax.
Al Jazeera's Nick Spicer reports on the controversial cuts - many of which are unlikely to materialize.
The proposed $4 trillion in cuts include defense expenditures, retirement benefits - and an increase in the fuel tax.
Al Jazeera's Nick Spicer reports on the controversial cuts - many of which are unlikely to materialize.
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