Automatic U.S. MIlitary And Non-Military Budget Cuts Could Cost 1 Million American Jobs: Report

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Study Projects Automatic Cuts Could Cost US 1 Million Jobs -- The Hill

Automatic across-the-board cuts to the budget set for Jan. 2 will cost the United States 1 million jobs, according to a new study released Thursday by the Bipartisan Policy Center (BPC).

The job-loss projection comes from cuts to defense and non-defense spending.

The BPC predicts gross domestic product will decline by 0.5 percent if the full $109 billion defense and non-defense sequester goes through.

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WNU Editor: The Bipartisan Policy Center's report is here.