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Wednesday, February 20, 2013

Cost Of Sequestration: 700,000 Jobs May Be Lost From Across-The-Board Budget Cuts Through 2014, GDP Growth May Slow: Report $BAC $C $GS $MS $BCS

Cost Of Sequestration: 700,000 Jobs May Be Lost From Across-The-Board Budget Cuts Through 2014, GDP Growth May Slow: Report $BAC $C $GS $MS $BCS

Sequestration, or the across-the-board cuts to discretionary spending that are programmed to automatically kick in on March 1 if Congress and President Obama don't agree on how to avoid the cuts, will create significant head winds for growth through next year, according to Macroeconomic Advisers, LLC.

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