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Pentagon Sees $4.86 Billion Reduction From Furloughs

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Feb. 20 (Bloomberg) -- The Pentagon estimates furloughs of civilian employees would cost them as much as $4.86 billion in the fiscal year that ends Sept. 30 unless the automatic budget cuts called sequestration are averted.

Virginia would see the biggest drop in payrolls to civilian employees of the military, with $660.9 million lost, according to the estimate released by the Defense Department. That would be followed by California, which would see a $419.7 million decline; Maryland, losing $359.3 million; and Texas, losing $290.9 million.

To contact the reporter on this story: Tony Capaccio in Washington at acapaccio@bloomberg.net

To contact the editor responsible for this story: John Walcott at jwalcott9@bloomberg.net

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