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Local News
8:06 pm
Fri December 28, 2012

Nearly 30,000 NC Jobs Could Be Lost If No Budget Deal Reached

The fiscal cliff could cost North Carolina 30,000 jobs in 2013.
Credit Peter Shanks/Flickr

The combination of tax raises and spending cuts, known as the fiscal cliff, begins taking effect on Wednesday. If no compromise is reached in Washington, North Carolina could lose nearly 30,000 jobs and three percent of its economic output, according to a July report from George Mason University. That’s next year alone. Overall, North Carolina would face more than a $120 billion in cuts over the next decade.

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