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.
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.
Middle Georgia officials have warned of an immediate $83 million impact around Robins Air Force base if automatic federal spending cuts take effect Friday. Retired Major General David Bockel talks more about the defense-related impacts of the federal sequester in Georgia.
Pres. Obama will deliver his State of the Union address Tuesday. There’s talk about whether federal lawmakers can make a deal to avoid military-related cuts as part of the sequestration. State lawmakers are concerned about cuts impacting thousands of Georgians employed in the defense industry.
Middle Georgia could face an almost immediate $83 million hit to its economy if automatic Pentagon budget cuts take effect March 1, according to a new estimate from the non-profit 21st Century Partnership, which advocates for Robins Air Force Base.