States Brace for $500B in Cuts

Congress' inability to reach a more balanced deficit-reduction deal has state leaders facing another $500 billion in non-defense cuts that may do serious damage to education, research, safety nets and other programs.

GOP Pounces as Analysts Put 2012 Deficit at $1.1T

Source: http://www.foxnews.com/politics/2012/10/06/amid-anxiety-about-defense-cuts-states-await-other-500-billion-hit/

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