Steel Products
March 4, 2013
IHS Global Insight – Sequester Will Take 1.5% Off 2nd Quarter GDP
Written by John Packard
Originally published by IHS Global Insight on March 1, 2013
Congress has failed to secure a deal to prevent the “sequester” – USD1.2 billion of spending cuts divided equally between security and non-security spending. The impact of the cuts will be cumulative rather than immediate, which raises the prospect of congress agreeing to forestall them later this month as part of a new deal to finance the federal government.
