America's Sequestered Recovery

From Project Syndicate RSS-Feed Mon Feb 25 2013, 06:50:06

The US is facing another round of cuts in federal spending, this time threatening to trim at least 0.5 percentage points from GDP growth and to precipitate a loss of at least one million jobs. Automatic across-the-board spending cuts, or the "sequester" as it is commonly called, are the gravest current threat to America's recovery.

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