Sequestration already is taking a toll on the economy, but next year, the effects on the defense industry alone could double, according a report by the Bipartisan Policy Center. "The full brunt of the cuts hasn't hit, and if we go down the sequester path for too long, we won't be able to reverse the devastating impacts," the report said. The report echoes one released this week by the Aerospace Industries Association, which predicts sequestration will mean thousands of layoffs at defense firms.

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