Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Sequestration begins to bite

Your article was successfully shared with the contacts you provided.

The Office of Management and Budget, which is the executive department that is managing the sequestration cuts – 480 employees total – begin furloughs this week. The staff will be on alternate schedules of one unpaid day off every two weeks until October. Those outside the administration are starting to feel the effects of the furloughs through flight delays. Never let it be said that sequestration wasn’t going to hurt.