Sequestration's ripple effects -- how soon and how far?

05/17/2013 | National Real Estate Investor online

Sequestration that resulted in $85 billion in federal budget cuts in fiscal 2013 was implemented in March and will likely be felt most in regions that rely on government spending, such as the District of Columbia, Maryland and Virginia. Among the hardest hit sectors will be the construction industry, which could feel the ripple effect of reductions worth of more than $4 billion in federal construction spending, according to a report by AGC. Projects expected to be cut include such items as military housing, drinking-water and wastewater facilities and new infrastructure.

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