Sequestration nation.
Position | TRENDS & TRANSITIONS - Brief article - Statistical data |
Federal budget cuts--known as the sequester--began March 1. States are feeling the effects of the 9 percent reduction in federal funds for education, human services housing, homeland security and other programs in FY 2013, which ends Sept. 30. The scope and depth of the cuts vary according to one's political perspective. Below are examples of reductions from a variety of sources.
$1.2 trillion
Federal spending to be cut through FY 2021.
$3.63 trillion
U.S. government spending in FY 2012--$2.45 trillion of it raised, $1.18 trillion of it borrowed.
$85.4 billion
Spending cut in FY 2013.
$109 billion
Spending cut each year from FY 2014 through FY 2021.
50-50
Division of cuts to military and domestic programs, FY 2013 through FY 2021.
70,000
Children to be cut from Head Start early education programs in FY 2013.
$2.5 billion
Cut to medical research in FY 2013.
$2 billion
Cut to housing...
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