Defense leaders: Sequestration would be felt throughout region

By pacbiztimes  /  Friday, March 1st, 2013  /  Top Stories, Tri-County Economy  /  Comments Off on Defense leaders: Sequestration would be felt throughout region

Potential furloughs, hiring freezes and other spending cutbacks to the region’s defense institutions could send an economic ripple effect through the Tri-Counties, according to economists and industry leaders. The 2011 Budget Control Act aims to reduce the government’s deficit and will trigger $85 billion budget-wide spending cuts on March 1. The federal spending cuts, also Read More →