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Economists Debate Sequestration's Effect On Economy
Originally published on Fri March 1, 2013 1:47 pm
The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable.