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Dec. 5, 2008: The U.S. Department of Labor reports employers slashed 533,000 jobs the month before—the most in 34 years—as the Great Recession surged. The unemployment rolls had risen for seven months before that and were to continue to soar for another 10 months before topping 10 percent and beginning to level off late the following year.

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What Is Sequestration and What Does It Means for Me?
Posted On: Feb 26, 2013

Feb. 26, 2013 | (Click image to enlarge.) The White House and Republicans are trading blame over massive spending cuts scheduled to take effect on Friday and an agreement to head off the reductions looks increasingly unlikely. How the $85 billion reduction will be implemented depends on a lot of factors, some of which are not clear yet. What is clear is that the spending cuts are broad, bad for states, bad for business, bad for the economy, and bad for a lot of people. If you like to fly, are an educator, have kids in school, work for the federal government, are poor, or simply participate in the economy (aka anyone), sequestration could impact your life. Here's how… And here's a list of sequestration impacts, state by state.


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Updated: Dec. 05 (16:43)

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