'Super Committee' Breakdown Could Hurt Nonprofits

Nonprofits could soon face significant cuts in government aid in the wake of Monday’s announcement of an impasse among members of a congressional committee seeking to close the mounting federal deficit.

Congress voted this summer to require the federal government to slash spending in 2013 if lawmakers don’t pass a deficit-reduction bill by December 23. Now that the “super committee” in charge of drafting such a measure failed, that deadline will be hard to meet.