While Congress works to iron out a budget, the so called sequester still stands. With it, areas that rely on federal spending are bracing for across the board cuts. Military communities are particularly hit.
Deep budget cuts in Washington mean military flight teams will likely be no-shows at air shows across the U.S. starting this spring, leaving dozens of host cities bracing for thinner crowds and lost tourism dollars. The flight teams are scheduled for at least two Georgia air shows in the coming months.
Authorities say about 2,000 Federal Aviation Administration employees in metro Atlanta are being told they will have to take unpaid time off because of automatic federal budget cuts. The workers have been told they must take as many as 11 unpaid days off in coming months.
While most federal spending cuts from the sequester could take time to work their way down to local school districts, communities with military bases are bracing for a more immediate impact. That's because many districts already have budgeted for a program called Impact Aid. The funds are used to offset property tax losses.
State officials have announced extended jobless benefits for the unemployed are being reduced because of automatic budget cuts. Georgia Department of Labor Spokesman Sam Hall Monday said the U.S. Department of Labor has asked the state to reduce unemployment benefits by 10.7 percent for the week beginning March 31.
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.
Mandatory spending cuts will hit many federal programs beginning Friday unless President Barack Obama and Congress avoid the so-called sequester. But Georgia officials say the effects here are not immediately clear.