The latest news on debt
Sequestration cuts are "trivial" compared to the overall budget.
Defense officials issue dire warnings of a defenseless nation if cuts hit.
They've shed debt but also have stopped buying homes and cars.
The deficit hawks want far more deficit reduction than the White House is proposing.
The Sunlight Foundation shows government spending often goes unreported.
Shedding debt involved a strict diet of spending cuts and finding creative ways to earn money.
The pledge is already in Japan, and Norquist wants to bring it to Brazil too.
A few members still remain doubtful, but conservative caucus more united than usual.
New Fed transcripts show members did laugh about automakers' decline, homebuilder problems, baseball.
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