Sequestration: Ugly Word with a Big Impact
Sequestration refers to a series of automatic, across-the-board budget cuts affecting government agencies. These cuts are expected to strike in March, barring an agreement on a broader deficit reduction package. The sequester reductions, if enacted, will take place over 10 years and total $1.2 trillion. Both mandatory and discretionary spending will be cut, further weakening our already weak economic and employment prospects. The severity and actual timing of sequester cuts depends on the ongoing political negotiation, but Global Financial Private Capital is prepared. Read what their Investment Committee says in this week’s Thought of the Week.
As an Investment Advisory Representative working in conjunction with Global Financial Private Capital (GFPC) we are provided weekly thoughts on what is happening in the economy and the market. Written by our investment committee at GFPC we find these thoughts to be informative and interesting.
Click Here if you would like to subscribe to our Thought of the Week