Spending cuts likely deeper in 2014


There’s been a lot of concern about the effects of the spending cuts under the so-called sequester this year. But it’s likely that federal spending will soon go down even further in many ways.

That’s because, barring action by lawmakers, the cap on total defense and domestic “discretionary” spending is set $19 billion lower for fiscal 2014, which begins Oct. 1.  Read more

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