Canceling sequester would add jobs, CBO says

07/26/2013 | Hill, The

Canceling the sequestration cuts would add around 1 million new jobs to the economy, according to a new report from the Congressional Budget Office. Keeping the cuts would eliminate 1.6 million jobs, the nonpartisan CBO said. "This boils down the sequester in very plain terms that everybody can understand," said Rep. Chris Van Hollen, D-Md., who requested the report. "You would hope that everyone should agree we should not be harming the economy."

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