Due to the complex nature of the U.S. government’s contractor and sub-contractor chain of vendors, millions of workers could potentially be affected.
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Hoping to illustrate the economic dangers that the U.S. budget sequestration poses, the Obama administration published an outline on February 24 that detailed how the cuts would specifically impact the state of Georgia.
Without consistent inspections, meatpackers won’t be able to do business as efficiently, which could cut profits and hurt the wider economy.
Given the relatively large private defense sector in the United States, these cuts could create unpredictable consequences for the U.S. economy as a result of 800,000 consumers seeing significant reductions in their pay.
According to the results from last month, the level of freight utilization in the United States was down significantly during January.
Last week, Bloomberg News acquired a set of emails exchanged between top-level Wal-Mart executives that revealed a sobering reality about the mega-store’s future business prospects.