See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Unthinkable Cuts Almost a Reality

Posted on AllSides December 31st, 2012
From The Center

Mandatory federal spending cuts designed to be prohibitively drastic will become a reality on Wednesday if negotiators remain unable to reach an agreement to avert the reductions.

The cuts would hit a broad array of departments and programs, from the military's purchase of mine-resistant vehicles to government food inspections. They would slash funding for Secret Service details and cut rental housing subsidies in rural areas.

Illustrating the gravity of the cuts, the Pentagon plans to notify 800,000 civilian employees that they could be forced to take several weeks of unpaid...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

http://online.wsj.com/article/SB10001424127887324274404578211560844520282.html

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right