Massive ‘Automatic’ US Budget Cuts Days Away

RIA Novosti
Monday 25th February, 2013

WASHINGTON, February 25 (By Maria Young for RIA Novosti) – America’s latest budget crisis – called sequestration – is set to go into effect Friday, potentially forcing hundreds of thousands of federal, state and local government layoffs in the coming months as part of a mandatory $85 billion in federal budget cuts on everything from defense spending, transportation, meat inspections, housing subsidies and daycare centers. But with the US Congress and President Barack Obama having recently negotiated their way out of the frightening fiscal cliff and the dreaded debt ceiling, …

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