By Emma Fidel -
2013-03-20T11:54:45Z
Photograph by Eric Sturdivant
On the Chopping Block
They
weren't supposed to happen. Yet on March 1, after weeks of failed negotiations
with Congressional leaders, President Barack Obama ordered into effect across-the-board
cuts to the federal budget. The spending reductions, known as sequestration,
total $1.2 trillion over nine years, including $85 billion over the last seven
months of this fiscal year. The cuts may slow U.S. economic growth by 0.6
percentage point and cost 750,000 jobs in 2013, the nonpartisan Congressional
Budget Office estimates. As cabinet secretaries (perhaps predictably) warned of
dire consequences for their departments, Congress passed a spending bill March
21 that keeps the government funded through Sept. 30, while largely leaving
sequestration cuts in place. Here are some programs whose employees and
beneficiaries stand to lose the most.
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