Small Business Administration Isn't Worried About Sequestration

One federal executive says her agency will do just fine, even it there is sequestration. Karen Mills, head of the Small Business Administration, said she won't need to order furloughs because enough people have retired early. Mills said sequestration will have little effect on the number of loans the agency guarantees. The White House has warned that Section 504 loans would be cut by $900 million. But Mills said demand for the loans has already dropped by that much. Mills has announced her departure once a replacement administrator is confirmed.