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Ricardo Lopez, LOS ANGELES TIMES
Wednesday, December 19, 2012
If the fiscal cliff isn't averted, the county stands to lose as much as $5.9 billion in tax breaks and federal spending, according to an August report by the National University System Institute for Policy Research.
"Sequestration would make for an immediate hit," said Erik Bruvold, president of the National University institute. "Contracts will get scaled back, federal employees laid off."
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