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EFFECTS OF SEQUESTRATION STARTING TO BECOME CLEAR

Some 35,000 local federal workers preparing for unpaid furloughs

Mark Walker, U-T SAN DIEGO

Saturday, March 30, 2013

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The lower federal spending may eventually amount to more than $2 billion for the region, according to economist Kelly Cunningham at the National University System’s Institute for Policy Research in San Diego.
“It’s going to have a big impact here,” he said. “Federal and military spending is a critical part of the economy and I think it is going to slow our growth, possibly cutting off a point or two of growth.”