sequester

Local News
10:22 am
Fri November 29, 2013

North Carolina Lawmakers Oppose Sequester Cuts To Tobacco Farmers

A tobacco field in Harnett County, N.C.
Credit bumeister1 / Flickr

Another round of the budget cuts known as the sequester are beginning to take effect, and once again there’s no agreement between Republican and Democratic lawmakers to head it off. But, a bipartisan group of North Carolina congressional lawmakers are pushing to exempt one program—payments to tobacco farmers—from the sequester’s effect.


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Business
10:17 am
Fri June 21, 2013

Sequester Cuts Federal Program That Tracks Layoffs

Monthly number of businesses laying off at least 50 people, 2003-2013, according to data from the Mass Layoff Statistics program.
Credit Ben Bradford / WFAE

One of the fears about the federal budget cuts known as the sequester is that they could shrink the economy and trigger large layoffs. At the same time the government is cutting its program that tracks large layoffs—because of the sequester.


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Local News
8:37 am
Mon March 25, 2013

Defense Industry Starts To Feel The Sequester

Cleveland County defense contractor, Ultra Machines and Fabrication, will lay off as many as 100 employees in May due to cuts in federal contracts. It could be the first in a rising wave of job losses related to the sequester.

In the last three years, Ultra’s received $46 million in federal contracts—what that business, and most defense contractors rely on. But as the sequester and other federal budget cuts kick in, those contracts are drying up.

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