WASHINGTON — Schools near military bases and tribal lands will face a $60 million shortfall between now and September and aid to college students will be cut by almost $90 million, according to the Education Department’s plan to carry out the automatic spending cuts mandated by Congress.
PHOENIX - Smaller companies with contracts to supply products and services to Arizona's top-tier aerospace and defense companies face the greatest threat if sequestration cuts take effect, according to a new report.
Barring any last minute "miracles" to call off this Congress-inflicted fiasco, automatic federal budget cuts will kick in. The reductions total $1.2 trillion spread over nine years. The first cuts will be $85 billion by the end of September.
The massive federal budget cuts that will start Friday as part of the "sequester" will damage our economic recovery and mean fewer services here in Southern Arizona. Strip away the conservative economic theories and party-line rhetoric and that's the reality we're facing.
Misunderstanding, misstatements and all the classic contortions of partisan message management surround the sequester, the term for the $85 billion in ugly and largely irrational federal spending cuts set by law to begin Friday.