Categorized | National News

Sequester Could Cost U.S. 750,000 Jobs, CBO Director Douglas Elmendorf Says

Lawmakers’ political wrangling could cost Americans hundreds of thousands of jobs. The $1.2 trillion across-the-board spending cuts scheduled to take place in March if Congress does nothing, could result in the loss of 750,000 jobs in 2013, Douglas Elmendorf, the director of the Congressional Budget Office told lawmakers Wednesday. “We think that would reduce the…

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