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Monday, November 11, 2013
Next round of cuts jan 1st
Jan 1st and this next round of cuts will be far more painful than the first dose of last spring. The poisoned political atmosphere in Congress makes it highly unlikely that sequestration cuts will be throttled back anytime soon. Further cutbacks in lab staffing will be necessary soon after these next cuts hit. Get prepared as best you can: ******** Automatic spending cuts would bite more in 2014 ********* AP News, Nov 11, 2013 WASHINGTON (AP) — The first year of automatic, across-the-board budget cuts didn't live up to the dire predictions from the Obama administration and others who warned of sweeping furloughs and big disruptions of government services. The second round just might. Several federal agencies found lots of loose change that helped them through the automatic cuts in the 2013 budget year that ended Sept. 30, allowing them to minimize furloughs and maintain many services. Most of that money, however, has been spent. The Pentagon used more than $5 billion in unspent money from previous years to ease its $39 billion budget cut. Furloughs originally scheduled for 11 days were cut back to six days. The Justice Department found more than $500 million in similar money that allowed agencies like the FBI to avoid furloughs altogether. Finding replacement cuts is the priority of budget talks scheduled to resume this week, but many observers think the talks won't bear fruit. Agencies that have thus far withstood the harshest effects of the across-the-board cuts in 2013 are bracing for a second round of cuts that'll ... http://finance.yahoo.com/news/automatic-spending-cuts-bite-more-081524860.html
By scooby at November 11, 2013
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