Economic Meltdown While Congress Vacations

SPRINGFIELD, Ill, (IRN) – Republican U.S. Sen. Mark Kirk of Illinois says a special Joint Commission that is supposed to pinpoint cuts the national budget must convene now, not later.

The Joint Commission was part of the deal that resolved the debt ceiling crisis. The commission’s task is to cut the nations spending by $1.5 trillion by Thanksgiving. That’s in addition to cutting $2.4 trillion in spending over the next 10 years. Given that daunting task, Kirk says they should begin work as early as next week.

“I think the Joint Commission should start meeting next Monday,” Kirk said.

Kirk is calling on Congress to reconvene as well. He says given the economy and the roller coaster of a stock market in recent days, Congress should come back to Washington to restore the public’s confidence and to reassure the public that the U.S. will not go into another recession.

Copyright IRN

  • living in portugal

    Hello there, I stumbled upon this short article related to getaways especially enjoyable as I have bought a vacation rentals villa myself. There is a lot competition within the seasonal rentals sector I was curious if you could possibly be willing to give me a bit of help on the way to get the most from the property for self catering breaks. Thank you

blog comments powered by Disqus
Listen Now
Thanksgiving Guide
Make Your Picks!

Listen Live