Virginia Senators Mark Warner and Tim Kaine justifiably are worried about the Virginia economic impacts of the automatic, across-the-board federal budget cuts known as sequestration. Absent a Congressional budget deal by Sept. 30–less than three weeks from now, we face either those automatic cuts, a partial federal government shutdown or both:
“If we have the return of sequestration, it’s going to be even worse than it was a couple of years ago, because every agency, particularly the Defense Department, has cleared out most of their coffers,” Warner said. “So that’s why they’ve got to get rid of sequestration and those negotiations need to be starting now, and not wait until the end of September.”