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What are likely consequences to forced budget cuts?
By The Associated Press, The Associated Press
WASHINGTON -- It's not the first time that government economic engineering has produced a time bomb with a short fuse.

Back in 2011, few lawmakers, if any, thought deep and indiscriminate spending cuts, totaling about $85 billion and now starting to kick in, were a smart idea.

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What are likely consequences to forced budget cuts?
By The Associated Press, The Associated Press
WASHINGTON -- It's not the first time that government economic engineering has produced a time bomb with a short fuse.

Back in 2011, few lawmakers, if any, thought deep and indiscriminate spending cuts, totaling about $85 billion and now starting to kick in, were a smart idea.

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