Is the federal government really going to let $85-billion in budget cuts take hold at the end of this week? Lynn Sweet, the Chicago Sun-Times Washington bureau chief, has been monitoring the sequester debate, and gives us an update.
With a sequester deadline all but blown, President Obama says he wants a big fiscal deal that would raise taxes and trim billions from expensive and ever growing entitlement programs.
University of Illinois officials are waiting to see exactly how the federal budget sequestration will affect their research programs. But university President Robert Easter said they stand to lose $65 million out of their $813 million research budget.
Facebook
Twitter
Google+
Pinterest
E-mail