National News | Closings | Funerals | HighScore | Monday's Most Wanted | Crime Watch | TV Listings | Lottery | Bio's | FCC File | More ›
   
   
 
How Long Will It Take To Feel The Impact Of No Deal On Sequester
Written by Andrew Forgotch
Last updated on March 01, 2013 @ 7:26PM
Created on March 01, 2013 @ 5:17PM
 
Everyday this week 5 News has been telling you about the way you're life could impacted if Congress and President Barack Obama failed to strike a deal to avoid an automatic $85-billion dollars in spending cuts, better known as the sequester.
 
Friday night is the deadline to strike a deal, and most lawmakers have already headed home. That means the cuts are inevitable.
 
The good news for most of us is that we won't feel the effects of those cuts in funding until April.
 
Patrick Hickey, a Political Science Professor at West Virginia University, said that's because most of the programs that rely on government funding have a little bit cash on hand.
 
Hickey told 5 News that he's concerned because he doesn't have much confidence a deal will happen before we start to feel the cuts.
 
Hickey said that could only mean bigger problems for us and the U.S. economy.
 
"I'm afraid we're shooting ourselves in the foot with a double-dip recession," Hickey said. "At the same time not fixing our major problem."
 
Hickey said we don't have a deal in place because lawmakers can't agree on how to fix the federal deficit.

Share
Add your Comment
You must have an active WDTV.COM user account to post comments. Please login to your account, or create your free account today!

Comments (0)
WDTV on Facebook
WDTV on Twitter
WDTV on YouTube
Contact WDTV
WDTV RSS Feeds
WDTV SMS
WDTV Mobile App