It’s impossible to say what exactly will happen during the lame-duck session without knowing the outcome of the election. Sure, President Obama and the current Congress will preside over the fiscal To Do list during those six weeks after the election, but their actions (or inaction) will depend on the government’s makeup in 2013.
Still, some likely scenarios can be sketched out. Below, NJ looks at out how the November election might influence the debate’s biggest pieces: the expiring Bush-era tax cuts, and budget sequestration—spending cuts triggered by the failure of the so-called super committee to reach a deficit-reduction agreement.
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