Deficit reduction process heads for next phase

Congress narrowly avoided defaulting on a portion of the nation’s debt when it passed last-minute deficit-reduction legislation on Aug. 1. The National Cotton Council’s John Maguire explained how the process set in motion by the legislation could play out in this video shot at the American Cotton Producers/Cotton Foundation meeting in Corpus Christi, Texas.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.