Army Lays Out State-By-State Cuts In Report
” The Army estimates automatic budget cuts scheduled to take effect March 1 will have a $15 billion economic impact and affect more than 300,000 jobs nationwide, according to documents obtained by USA Today.
Hardest hit states include Texas, Virginia and Pennsylvania. Among the least affected: Delaware, Wyoming, Montana and Rhode Island.
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The military faces $500 billion in budget cuts over 10 years from sequestration — automatic budget cuts. The Army anticipates that it will need to slash $18 billion in spending by the end of this fiscal year on Sept. 30.”
