Thu., February 28, 2013 7:35am (EST)

Will Sequestration Mean Recession For Ga.?
By Joshua Stewart
Updated: 1 year ago

ATLANTA  —  
The Federal Reserve chairman is warning federal sequestration will damage the nation’s fragile economy. Emory University economist Tom Smith helps us sort through the impact on Georgia’s sluggish recovery. (Photo Courtesy of Zack McCarthy via Flickr.)
The Federal Reserve chairman is warning federal sequestration will damage the nation’s fragile economy. Emory University economist Tom Smith helps us sort through the impact on Georgia’s sluggish recovery. (Photo Courtesy of Zack McCarthy via Flickr.)
Federal Reserve Chairman Ben Bernanke told Congress Tuesday that across-the-board federal spending cuts (that “sequestration” we’re hearing so much about) will slow the nation’s economic recovery.

Tom Smith explains the potential impact on Georgia’s economy. He teaches economics at Emory University.