The failure of the supercommittee appointed by Congress to reach a deficit-reduction deal on the federal budget could cost Israel a cool $250 million a year. For the first time in decades, Israel could be facing a reduction in United States aid, due to automatic across-the-board budget cuts scheduled to take effect in January 2013…
The Jewish community reacted with a mix of disappointment and relief when the much-hyped congressional supercommittee announced that it couldn’t reach a deal on debt reduction. On the one hand, Jewish organizations hoped for a bipartisan plan that would address the nation’s growing debt. But on the other hand, some groups worried that the budget-cutting…
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