McDonnell: Sequestration May Force Virginia Into Recession
Governor sends letter to President Obama, congressional delegation saying nearly 10 percent of the 2.1 million jobs that would be cut will come from Virginia..
Virginia Gov. Bob McDonnell Monday sent a letter to President Barack Obama and the Old Dominion's congressional delegation, calling for immediate action to prevent automatic spending cuts under sequestration. The $1.2 trillion in cuts — meant to force Congress to compromise, which hasn't happened — are slated to go into effect March 1. That deadline has been pushed back several times as lawmakers have brokered Band-Aid solutions. "The automatic sequestration reductions mandated by the Budget Control Act of 2011 are already having a significant adverse effect on the Commonwealth," McDonnell stated. "When fully implemented, they could force Virginia and other states into a recession. Sequestration-mandated reductions will be implemented with…
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