US Fiscal Policy: The sequestration process and its implications
US Fiscal Policy: The sequestration process and its implications
Global & Regional Focus Notes
15 Μαρτίου 2013
• The bulk of sequestration concerns discretionary spending, with an “effective” reduction of 13% in defense and 9% in non-defense discretionary.
• Our baseline scenario suggests that the automatic spending cuts will finally remain in effect. Nevertheless, Congress could reformulate the cuts to provide government agencies with more flexibility in managing the budget cuts under the sequester.
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