If Congress can’t make the budget cuts it needs or raise its spending limit, then we face the dreaded alternative of sequestration, wherein Congress essentially applies a budgetary meat cleaver to all federal programs except for a few select ones such as Social Security and defense. So, just how badly will sequestration damage the larger economy? Read on and find out, as the Congressional Budget Office has just released its latest 10-year outlook on the federal deficit and U.S. economic growth. Sequestration will hurt. The question is, how much?
The groups are working to get the Secure Act out of neutral.
The companies say a distributed ledger system could be useful in reinsurance.
The publicly traded China Oceanwide unit says it needed cash partly because of the state of the economy.
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