Automatic budget cuts find few fans

Posted on 24 February 2013. Tags: , , , ,

Arizona Gov. Jan Brewer, left, gestures asIshe speaks to a reporter before the start of a Health and Homeland Security Committee meeting on “Protecting Our Nation: States and Cybersecurity” during the National Governors Association 2013 Winter Meeting in Washington, Saturday, Feb. 23, 2013. Standing at the back right, is Governor of Puerto Rico Alejandro García Padilla. Washington's protracted budget stalemate could seriously undermine the economy and stall gains made since the recession, exasperated governors said Saturday as they try to gauge the fallout from impending federal spending cuts. And both Democrat and Republican CEOs expressed pessimism that both sides could find a way to avoid the massive, automatic spending cuts set to begin March 1. (AP Photo/Manuel Balce Ceneta)WASHINGTON (AP) — The automatic budget cuts set to take hold this week were roundly condemned Sunday as governors, lawmakers and administration officials hoped for a deal to stave off the $ 85 billion reduction in government services.




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