Despite deficit reduction plans, budget cuts look likely
In Washington nobody likes to talk about the “s-word” but as March 1, the deadline for the across-the-board budget cuts grows closer, conversations about sequestration are becoming all-consuming. “It is just occupying everyone's time,” says Pentagon industrial base chief Brett Lambert. Unless lawmakers pass a new agreement by the end of the month, $85 billion in across-the-board budget reductions will take place for fiscal 2013. It is the first increment in a 10-year, nearly $1 ...
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