The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts this year. President Obama said after signing into effect these cuts that “These cuts are not smart, they will hurt our economy and cost us jobs.”
US Federal Budget Cuts Take Effect, Read more forex articles at STOCKTRKR
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