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Saturday, September 01, 2012

Sequestration could spell $39B in cuts to civilian agency budgets

Civilian agencies may lose almost $40 billion dollars in top-line funding if sequestration goes into effect on Jan. 2, according to a new analysis by the Professional Services Council.

Using fiscal 2012 funding as a baseline, PSC calculated overall civilian discretionary spending would decline by $39 billion and that individual agency budgets would decline by 7.8 percent.

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