Impending Defense Cuts Could Have More Of A Trickle-Down Effect Than Expected

George Mason University Professor Stephen Fuller released a report saying that more than 1 million jobs across the country would disappear if the Congressional Deficit Reduction Committee doesn't decide on an alternative balanced budget. The Baltimore Business Journal reports that the total potential aerospace/defense and supply chain job losses would reach 352,000. California would lose the most (more than 125,000), followed by Virginia (nearly 123,000.) Maryland would lose the sixth most jobs (more than 36,000) in the U.S. (Baltimore Business Journal)