Resolving the Fiscal Crises

Over the last few weeks, there has been a lot of chatter about the Congressional sequester cuts going through and shock from some that we have reached this point. This astonishment is somewhat warranted given that Congress and the White House reached a deal to avoid going over the so-called fiscal cliff in January, and then voted to raise the debt ceiling for a three month time period. So why has there been no deal or at a minimum a punt?

Read the full memo here.