Ron Burgundy Posted March 1, 2013 Share Posted March 1, 2013 NEW YORK/WASHINGTON (Reuters) - Broad spending cuts designed to hit most government programs with all the subtlety of a sledgehammer were set to begin taking effect on Friday, yet investors have so far barely batted an eyelash. The $85 billion in across-the-board "sequestration" cuts were expected to eventually cause airport delays, disrupt public services and result in lower pay or layoffs for millions of government workers. What they were not likely to do, at least as far as financial markets were concerned, was cause enough damage to derail a U.S. ... View the full article Quote Link to comment Share on other sites More sharing options...
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