Impact of Defense Budget Cuts
Defense industry executives testified on the possible effects on the private sector of sequestration, automatic across-the-board budget cuts… read more
Defense industry executives testified on the possible effects on the private sector of sequestration, automatic across-the-board budget cuts Congress enacted as part of the August 2011 agreement to raise the debt ceiling. They warned of dire economic consequences, such as job losses and layoffs, if sequestration were allowed to be implemented. close
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