Friday, July 20, 2012

Congress’ foot-dragging could cost Utah 16,000 jobs

Utah could lose about 16,000 jobs next year under automatic federal cuts unless a polarized Congress can find a way to slash spending.

A new report by George Mason University’s Center for Regional Analysis warns thousands of federal workers in Utah could face the ax, government vendors and suppliers may have to shed workers and the trickle-down effect could cost the state even more jobs.

As part of a deal to raise the national credit limit last year, Congress and the White House struck an
agreement to slow deficit spending or face an automatic, across-the-board $1.2 trillion reduction in
government programs and military outlays.

Congress so far hasn’t been able to hammer out a new deal to avoid the looming cuts, which are set to
start Jan. 2. Salt Lake Tribune

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