Monday, 25 February 2013 01:09
The "Sequester" would hit bi-state area hard
Unless a deal is reached by Friday, massive federal budget cuts will automatically go into effect -- and Missouri and Illinois will feel the pinch. The "sequester" would cut $85 billion from the budget, half from defense and half from domestic programs. As part of their campaign to avoid the automatic spending cuts, the White House Sunday released a state by state breakdown of the impact.
Besides the pain of deep defense cuts which could lay off some 8,000 defense workers, Missouri could lose nearly $12 million in education funding.
In Illinois, the defense cuts would furlough more than 14,000 defense department employees and cut more than $30 million from education.
Democrats have proposed a combination of tax increases and spending cuts, including a tax on income above $1 million and eliminating tax breaks for oil companies.
Republicans have said they will only consider spending cuts.
Democratic Congressman Bill Enyart of Belleville, told the St. Louis Post-Dispatch that the defense cuts would hit the area hard because of the importance of Scott Air Force Base and other military installations to the local economy.
Illinois Republican Representative John Shimkus told KSDK-TV that he doesn't believe a deal will be reached before the deadline.
Besides the pain of deep defense cuts which could lay off some 8,000 defense workers, Missouri could lose nearly $12 million in education funding.
In Illinois, the defense cuts would furlough more than 14,000 defense department employees and cut more than $30 million from education.
Democrats have proposed a combination of tax increases and spending cuts, including a tax on income above $1 million and eliminating tax breaks for oil companies.
Republicans have said they will only consider spending cuts.
Democratic Congressman Bill Enyart of Belleville, told the St. Louis Post-Dispatch that the defense cuts would hit the area hard because of the importance of Scott Air Force Base and other military installations to the local economy.
Illinois Republican Representative John Shimkus told KSDK-TV that he doesn't believe a deal will be reached before the deadline.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
TENNIS ELBOW? STEROID SHOTS NOT BEST LONG-TERM FIX
CHICAGO (AP) -- Commonly used steroid shots may worsen tennis elbow in the long run and increase chances that the painful condition will reappear, a small study found. By contra...
WOMAN WHO SMOKED THROUGH HOLE IN THROAT DIES
LOS ANGELES (AP) -- A woman who smoked a cigarette through a hole in her throat to illustrate her struggle with nicotine addiction in a California public service advertisement has ...
FDA will investigate added caffeine in foods
WASHINGTON (AP) - Looking for a new way to get that jolt of caffeine energy? Food companies are betting snacks like potato chips, jelly beans and gum with a caffeinated kick cou...
ADULTS GET 11 PERCENT OF CALORIES FROM FAST FOOD
ATLANTA (AP) -- On an average day, U.S. adults get roughly 11 percent of their calories from fast food, a government study shows. That's down slightly from the 13 percent report...
MEASLES SURGES IN UK YEARS AFTER FLAWED RESEARCH
LONDON (AP) -- More than a decade ago, British parents refused to give measles shots to at least a million children because of now discredited research that linked the vaccine to a...
MORNING-AFTER PILL USE UP TO 1 IN 9 YOUNGER WOMEN
NEW YORK (AP) -- About 1 in 9 younger women have used the morning-after pill after sex, according to the first government report to focus on emergency contraception since its appro...
STUDY SHOWS DECLINING LIFE SPAN FOR SOME US WOMEN
NEW YORK (AP) -- A new study offers more compelling evidence that life expectancy for some U.S. women is actually falling, a disturbing trend that experts can't explain. The lat...
HUGE DRUG COST DISPARITIES SEEN IN HEALTH OVERHAUL
WASHINGTON (AP) -- Cancer patients could face high costs for medications under President Barack Obama's health care law, industry analysts and advocates warn. Where you live cou...
