Tag: sequestration

  • Sequester Cuts Devastating Families With Two Government Jobs

    Sequester Cuts Devastating Families With Two Government Jobs

    By Elizabeth Dilts NEW YORK -- The U.S. government's effort at cutting spending across the board is hurting a population once considered among the most financially stable -- dual income families where both partners are government employees. Starting on Monday, employees at agencies such as the Federal Aviation... Continue Reading

  • Planned Layoffs Jump

    Planned Layoffs Jump

    The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday. Employers announced 49,255 planned job cuts last month, down 11% from 55,356 in February, according to the... Continue Reading

  • Sequestration Cuts Are Here: 2,500 Nuclear Site Workers To Be Furloughed

    Sequestration Cuts Are Here: 2,500 Nuclear Site Workers To Be Furloughed

    YAKIMA, Wash. -- Pink slips went out Monday to nearly 250 workers and more than 2,500 others were notified that they face furloughs of several weeks at the nation's most contaminated nuclear site, where cleanup is likely to be slowed because of automatic federal budget cuts. About 9,000 people work at... Continue Reading

  • First Furlough Notices Go Out

    First Furlough Notices Go Out

    By Jennifer Liberto The first furlough notices for government employees have gone out. The Army sent letters on Feb. 28 and March 1 to unions warning that employees at the Aberdeen Proving Ground in Gunpowder, Md., as well as the Corps of Engineers in Walla Walla, Wash., will be forced to stay at home without... Continue Reading

  • 5 States That Will Lose The Most Jobs If Budget Cuts Go Through

    5 States That Will Lose The Most Jobs If Budget Cuts Go Through

    By Walter Hickey On March 1, sequestration will go into effect. While the across-the-board budget cuts will target each and every non-exempt program equally, some states in particular will suffer the brunt of the pain because of an economic reliance on defense infrastructure. Because military personnel are... Continue Reading

  • Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

    Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

    By Tami Luhby The long-term unemployed can kiss goodbye almost 10 percent of their weekly jobless benefits if federal budget cuts go into effect on March 1. Many safety net programs, such as food stamps and Medicaid, are protected from the $85 billion in forced spending cuts, but extended federal unemployment... Continue Reading

  • Politics Could Kill 1 Million Jobs By 2014

    Politics Could Kill 1 Million Jobs By 2014

    The new normal in American politics seems to be the unending fiscal crisis. First the debt ceiling was threatening job growth, then it was the fiscal cliff, and now it's sequestration. On March 1, $1.2 trillion in spending will be cut automatically over 10 years -- from across the federal government, in both... Continue Reading